Georgia Tech Foundation Inc

Analysis

Georgia Tech Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Georgia Tech Foundation Inc reported income of $239.0m and spending of $154.1m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $373.7m to $239.0m (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Georgia Tech Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within GA. Charities of a similar size with the same main cause include Hillsborough County School Readiness Coalition Inc ($238.8m), Columbia College Chicago ($239.2m) and Lebanese American University ($236.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $2.4m (1.6% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $3.11bn against liabilities of $577.4m, net assets of $2.53bn. It reported 47 employees.