Medical Association of Georgia Foundation Inc

Analysis

Medical Association of Georgia Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medical Association of Georgia Foundation Inc reported income of $4.1m and spending of $745k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $4.1m (+1203%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 953%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medical Association of Georgia Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Citizens of Lake County for Health Care Inc ($4.1m), Jewish Home and Hospital for Aged at Pittsburgh ($4.1m) and Mental Health Center of Western Maryland Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.4% of the total. At year end it held assets of $2.7m against liabilities of $1.5m, net assets of $1.2m. It reported 2 employees.