Georgia Press Educational Foundation Inc

Analysis

Georgia Press Educational Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in September 1964, 62 years ago. 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 June 2023, Georgia Press Educational Foundation Inc reported income of $253k and spending of $327k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $121k to $253k (+109%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 144%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Georgia Press Educational Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include Y Service Clubs International U S Area ($253k), Bel Passi Baseball Inc ($253k) and Dubuque Areas Labor Harvest ($253k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $9,350 (2.9% of expenses). Other salaries and wages came to $128k. At year end it held assets of $2.0m against liabilities of $50k, net assets of $2.0m.