Georgia Restaurant Association Foundation Inc

Analysis

Georgia Restaurant Association Foundation 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 philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Georgia Restaurant Association Foundation Inc reported income of $76k and spending of $156k, spending 206% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $224k to $76k (-66%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Georgia Restaurant Association Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Zoomie Foundation ($76k), Channel Islands Park Foundation ($76k) and Dubois Area Schools Educational Foundation ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. At year end it held assets of $34k against liabilities of $23k, net assets of $10k.