Cobb Memorial Foundation Inc

Analysis

Cobb Memorial Foundation Inc is a registered charity in United States, based in Franklin SPGS, GA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3).

In the financial year ending December 2023, Cobb Memorial Foundation Inc reported income of $596k and spending of $1.5m, spending 246% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $721k to $596k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 145% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cobb Memorial Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Light of Hope Inc ($596k), Anphon Corporation ($596k) and Federation of State Physician Health Programs Inc ($596k).

At year end it held assets of $28.4m against liabilities of $14.4m, net assets of $14.1m.