Atlas Foundation Corporation

Analysis

Atlas Foundation Corporation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Atlas Foundation Corporation reported income of $66k and spending of $92k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $66k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atlas Foundation Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within LA. Charities of a similar size with the same main cause include Parkside Elementary PTO ($66k), Oregon Trail Elementary PTO Inc ($66k) and Lex Memorial Scholarship Fund ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. At year end it held assets of $361k against liabilities of $273k, net assets of $87k.