Cobb Veterans Memorial Foundation Inc

Analysis

Cobb Veterans Memorial Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Cobb Veterans Memorial Foundation Inc reported income of $820k and spending of $111k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $820k (+212%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cobb Veterans Memorial Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include Amyotrophic Lateral Sclerosis ($820k), Nashville Area Iron Workers Joint Apprenticeship Committee ($820k) and New Life Adoptions ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.0m against liabilities of $2.0m, net assets of $1.0m.