Cumberland Academy of Georgia Inc

Analysis

Cumberland Academy of Georgia Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Cumberland Academy of Georgia Inc reported income of $4.3m and spending of $3.5m, spending 82% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $3.2m to $4.3m (+33%), an average of +9.9% a year. The sharpest change came in the year to July 2023, when income rose by 44%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cumberland Academy of Georgia Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Essence Prep Inc ($4.3m), Chatham County Partnership for Children ($4.3m) and Competency-Based Education Network Inc ($4.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.9% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $511k (15% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.6m against liabilities of $2.7m, net assets of $5.9m. It reported 49 employees.