Cobb Community Foundation Inc

Analysis

Cobb Community Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cobb Community Foundation Inc reported income of $5.2m and spending of $5.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cobb Community Foundation Inc sits at the 96th percentile: it is larger than about 96% 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 Clemente Soto Velez Cultural & Education Center Inc ($5.2m), Henry Gallery Association Inc ($5.2m) and Post Road Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $136k (2.5% of expenses). Other salaries and wages came to $307k. At year end it held assets of $24.8m against liabilities of $11.1m, net assets of $13.7m. It reported 9 employees.