Communities of Coastal Georgia Foundation Inc

Analysis

Communities of Coastal Georgia Foundation Inc is a registered charity in United States, based in Brunswick, GA. It received its IRS tax-exemption ruling in March 2006, 20 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 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, Communities of Coastal Georgia Foundation Inc reported income of $5.1m and spending of $5.9m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.2m to $5.1m (-64%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communities of Coastal Georgia Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Well-Spring Services Inc ($5.0m), LJ Midge Verplank Community Impact Fund ($5.1m) and Greater Lynchburg Community Foundation ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $251k (4.2% of expenses). Other salaries and wages came to $69k. At year end it held assets of $48.9m against liabilities of $3.8m, net assets of $45.1m. It reported 5 employees.