The Community Foundation for Greater Atlanta Inc

Analysis

The Community Foundation for Greater Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1977, 49 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 2022, The Community Foundation for Greater Atlanta Inc reported income of $170.6m and spending of $207.3m, spending 122% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $182.8m to $170.6m (-6.7%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation for Greater Atlanta Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include The Community FDN of Middle TN Inc ($169.7m), Bny Mellon Charitable Gift Fund ($171.3m) and Jewish Federation of Metropolitan Chicago ($169.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $1.6m (0.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $1.08bn against liabilities of $55.7m, net assets of $1.03bn. It reported 70 employees.