Athens Area Community Foundation Inc

Analysis

Athens Area Community Foundation Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in June 2009, 17 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 June 2023, Athens Area Community Foundation Inc reported income of $4.2m and spending of $3.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.2m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Athens Area Community Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Multiplying Good Inc ($4.2m), United Way of Pueblo County Colorado Inc ($4.3m) and MGM Resorts Foundation ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $121k (3.2% of expenses). Other salaries and wages came to $97k. At year end it held assets of $21.1m against liabilities of $7.8m, net assets of $13.3m. It reported 3 employees.