Goodwill of North Georgia Development Company II Inc

Analysis

Goodwill of North Georgia Development Company II Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in March 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Goodwill of North Georgia Development Company II Inc reported income of $102k and spending of $538k, spending 525% of what it took in. Over the whole period it spent 525% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goodwill of North Georgia Development Company II Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within GA. Charities of a similar size with the same main cause include Rochester Rotary Charities Inc ($102k), Russell Classic Cancer Fund ($103k) and Rvwang Community Church ($102k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11.2m against liabilities of $11.7m, net assets of -$519k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.