George Foundation

Analysis

George Foundation is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, George Foundation reported income of $1.9m and spending of $159k, leaving 92% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $7.7m to $1.9m (-75%), an average of -37% a year. The sharpest change came in the year to June 2022, when income dropped by 59%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, George Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within WY. Charities of a similar size with the same main cause include Greater Texas Services Inc ($1.9m), Patrick Henry Academy Inc ($1.9m) and Mathesar Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 0.8% of the total. At year end it held assets of $7.6m against liabilities of $1,444, net assets of $7.6m.