Georgia Micro Enterprise Network Inc

Analysis

Georgia Micro Enterprise Network Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Georgia Micro Enterprise Network Inc reported income of $21.7m and spending of $21.7m, spending 100% of its income. Across the 5 years on record, from December 2017 to December 2023, income grew from $273k to $21.7m (+7848%), an average of +199% a year. The sharpest change came in the year to December 2021, when income rose by 656%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgia Micro Enterprise Network Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include NDN Collective Inc ($21.6m), Columbus Downtown Development Corporation ($21.8m) and Project Hood Communities ($21.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $519k. At year end it held assets of $1.8m against liabilities of $106k, net assets of $1.6m.