Cobb Library Foundation

Analysis

Cobb Library Foundation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Cobb Library Foundation reported income of $77k and spending of $84k, spending 109% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $35k to $77k (+118%), an average of +48% a year. The sharpest change came in the year to September 2020, when income rose by 134%. Over the whole period it spent 125% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cobb Library Foundation sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Ecg Robotics Incorporated ($77k), Maharat for Development ($77k) and Turlock High School Band and Guard Boosters ($77k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $189k against liabilities of $392, net assets of $188k.

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.