Education
(B120)
IRS Verified
DX Registered
990 on File
GEORGIA INDEPENDENT COLLEGE ASSOCIATION INC
Financial strength (30%)
96/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
The Georgia Independent College Association (GICA) is an association of Georgia's private (independent), not-for-profit colleges and universities. Through partnerships with institutions, businesses, and community leaders, GICA supports private higher education in Georgia in the areas of public policy, research, fundraising for student financial aid, and collaborative programs.
Financial Overview — FY 2024
$3.0M
Total Revenue
$2.0M
Total Expenses
$20.0M
Net Assets
4
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.2%
Fundraising Efficiency
N/A
Operating Reserve
116.91x
Liability-to-Asset
0.6%
Revenue Diversification
52.6%
Executive Compensation
$328K
Compared with Peers
FY 2024
Compared with 7,551 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.2% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
16.8% | 12.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.0% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
116.9 mo | 9.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.6% | 18.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
52.6% | 89.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
47.7% | 7.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
10.3% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
32.3% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.0M | $2.0M | $20.0M | 82.2% | 4 |
| 2023 | $2.0M | $1.9M | $18.8M | 85.0% | 5 |
| 2022 | $2.5M | $1.8M | $17.8M | 83.7% | 5 |
| 2021 | $3.0M | $1.7M | N/A | — | 5 |
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