Nonprofit · EIN 47-2919281
ASSUMPTIONS INC
Also known as ASSUMPTIONS INSTITUTE
Tax-exempt · PEACHTREE CTY, GA 30269
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $144,955 | $162,089 | -$17,134 | $26,292 | $7,103 | $19,189 |
| December 31, 2023 | 990-EZ | $179,508 | $222,116 | -$42,608 | $40,599 | $4,276 | $36,323 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $143,774
- Investment income
- $86
- Net income from sales of inventory
- $1,095
Expenses
- Compensation of officers, directors and key employees
- $36,667
- Salaries, compensation and benefits (total)
- $123,105
- Professional fees and payments to contractors
- $7,160
- Other expenses
- $31,824
- Program services (functional)
- $163,761
Balance sheet and other
- Total assets, start of year
- $40,599
- Total assets, end of year
- $26,292
- Total liabilities, end of year
- $7,103
- Net assets, end of year
- $19,189
- Cash, savings and investments
- $26,292
- Gross receipts
- $145,758
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID W RICHARDSON JR | President & CEO | 40 | $36,667 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID W RICHARDSON JR | President & CEO | 40 | $47,557 |
Address and contacts
- Address (IRS master file)
- PO BOX 3463, PEACHTREE CTY, GA 30269-7463
- In care of
- % DAVID W RICHARDSON JR
- Signed the 990-EZ
- DAVID W RICHARDSON JR, President & CEO
- Phone
- (770) 891-1994
- Return prepared by
- Van Huss Hogan McCurry & Associates
Mission
MINISTRY
Program accomplishments
- MINISTRYExpenses $163,761
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-2919281
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $31,368
- Income (IRS master file)
- $169,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $144,955 | $162,089 | $26,292 | IRS |
| 990-EZ | December 2023 | $179,508 | $222,116 | $40,599 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2919281).
Questions about ASSUMPTIONS INC
- What is the EIN of ASSUMPTIONS INC?
- The employer identification number (EIN) of ASSUMPTIONS INC is 47-2919281.
- Is ASSUMPTIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to ASSUMPTIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASSUMPTIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASSUMPTIONS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASSUMPTIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of ASSUMPTIONS INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $36,667 (DAVID W RICHARDSON JR, President & CEO).
- How much revenue does ASSUMPTIONS INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $144,955, expenses of $162,089 and total assets of $26,292 at year end.
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