Community Foundation for Greater Rome

Analysis

Community Foundation for Greater Rome is a registered charity in United States, based in Rome, GA. It received its IRS tax-exemption ruling in September 2015, 11 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 December 2023, Community Foundation for Greater Rome reported income of $2.2m and spending of $525k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $2.2m (+330%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 339%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Greater Rome sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Jewish Big Brother-Sister Association of Boston ($2.2m), Lions of Illinois Endowment Fund ($2.2m) and Aorn Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $51k (9.6% of expenses). At year end it held assets of $4.3m against liabilities of $2,365, net assets of $4.3m.