Atlantic Essential Development Inc

Analysis

Atlantic Essential Development Inc is a registered charity in United States, based in Buford, GA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. 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, Atlantic Essential Development Inc reported income of $194k and spending of $30k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $170k to $194k (+14%), an average of +14% a year. Over the whole period it spent 9.4% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Essential Development Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Inter-Collegiate Sailing Association of North America Inc ($194k), Villa Desiderata Inc ($194k) and Phelps Community Memorial Library ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $330k against liabilities of $0, net assets of $330k.