University System of Georgia Foundation Inc

Analysis

University System of Georgia Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1997, 29 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, University System of Georgia Foundation Inc reported income of $33.4m and spending of $20.2m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.9m to $33.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University System of Georgia Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Cleveland Institute of Music ($33.4m), Louisiana College ($33.4m) and East Texas Advanced Academies ($33.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $306k (1.5% of expenses). Other salaries and wages came to $166k. At year end it held assets of $561.6m against liabilities of $517.2m, net assets of $44.5m. It reported 7 employees.