Educational Foundation of the Georgia Society of Cpas Inc

Analysis

Educational Foundation of the Georgia Society of Cpas Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in October 1959, 67 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Educational Foundation of the Georgia Society of Cpas Inc reported income of $132k and spending of $173k, spending 132% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $109k to $132k (+21%), an average of +6.6% a year. The sharpest change came in the year to May 2021, when income rose by 226%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Educational Foundation of the Georgia Society of Cpas Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within GA. Charities of a similar size with the same main cause include Rotary Club of Redding Charitable Foundation ($132k), Auburn Rotary Community Fund ($132k) and Greene County Industrial Training Council Inc ($132k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.9m.