Atlanta Festival Academy Inc

Analysis

Atlanta Festival Academy Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Atlanta Festival Academy Inc reported income of $215k and spending of $155k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $215k (+9.7%), an average of +9.7% a year. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Atlanta Festival Academy Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within GA. Charities of a similar size with the same main cause include Tulare County Cattle Drive Beef Boosters Inc ($215k), Pongo Poetry Project ($215k) and Buffalo Cove Outdoor Education Center Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. At year end it held assets of $202k against liabilities of $77k, net assets of $125k.