Georgia Chamber of Commercefoundation Inc

Analysis

Georgia Chamber of Commercefoundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Georgia Chamber of Commercefoundation Inc reported income of $678k and spending of $1.0m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $462k to $678k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 164%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgia Chamber of Commercefoundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Create Campaign Inc ($678k), DFC Qalicb Inc ($679k) and Montana Cooperative Development Center Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $495k. At year end it held assets of $1.0m against liabilities of $1.2m, net assets of -$185k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.