Georgia Magnet-charter Schools Foundation Corp is a 501(c)(3) organization based in Hapeville, Georgia, registered in 2004, with $9,049,079 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$9.0M
▼ 0.3% vs prior year
Education median: $200K
Expenses (FY2024)
$9.0M
Net assets
-$4.8M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Georgia Magnet-charter Schools Foundation Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Georgia Magnet-charter Schools Foundation Corp: 0 mo reserves · +1% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Georgia Magnet-charter Schools Foundation Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Georgia Magnet-charter Schools Foundation Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $9.6M (FY2013) to $9.0M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$17.8M
Total liabilities
$22.6M
Net assets
-$4.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,049,079▼0.3% | $8,980,508▼2.3% | -$4,830,958▲1.4% | $17,769,542▼7.6% | 990 |
| 2023 | $9,073,075▲2.8% | $9,189,609▼7.6% | -$4,899,529▼2.4% | $19,239,603▼17.6% | 990 |
| 2022 | $8,828,981▼36.1% | $9,942,342▼16.7% | -$4,782,995▼30.3% | $23,337,398▲7.9% | 990 |
| 2021 | $13,817,107▲16.5% | $11,932,278▼1.5% | -$3,669,634▼416% | $21,623,935▲6.5% | 990 |
| 2020 | $11,855,493▲1.2% | $12,110,414▼0.8% | $1,160,330▼31.0% | $20,310,204▼0.1% | 990 |
| 2019 | $11,718,998▲4.1% | $12,204,439▲9.4% | $1,681,786▼23.7% | $20,337,051▲10.8% | 990 |
| 2018 | $11,258,032▲5.5% | $11,151,877▼1.0% | $2,204,102▲5.1% | $18,356,882▼2.0% | 990 |
| 2017 | $10,668,329▲7.7% | $11,265,947▲2.2% | $2,097,947▼22.2% | $18,728,436▼8.2% | 990 |
| 2016 | $9,909,794▼0.3% | $11,022,764▲14.4% | $2,695,565▼29.2% | $20,393,413▼2.9% | 990 |
| 2015 | $9,938,866▲5.8% | $9,634,903▲4.8% | $3,808,535▲8.7% | $21,008,967▲8.4% | 990 |
| 2014 | $9,393,896▼2.0% | $9,194,710▲1.4% | $3,504,572▼59.8% | $19,382,036▲1.2% | 990 |
| 2013 | $9,585,051 | $9,064,329▲5.0% | $8,719,836▲4.5% | $19,154,579▼5.1% | 990 |
| 2012 | — | $8,628,763▲2.2% | $8,342,450▲8.4% | $20,177,865▲0.9% | 990 |
| 2011 | — | $8,443,044▲22.0% | $7,693,012▼3.5% | $19,998,600▼1.9% | 990 |
| 2010 | — | $6,917,797 | $7,969,193 | $20,391,116 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Georgia Magnet-charter Schools Foundation Corp (EIN 72-1552418) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.