Cobb County Chamber of Commerce Foundation Inc

Analysis

Cobb County Chamber of Commerce Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Cobb County Chamber of Commerce Foundation Inc reported income of $565k and spending of $997k, spending 177% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.5m to $565k (-78%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cobb County Chamber of Commerce Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Share Charlotte ($565k), Caribbean Integration Community Development Inc ($565k) and Heritage Ohio Inc ($564k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 70% of the total. Other salaries and wages came to $257k. At year end it held assets of $2.4m against liabilities of $97k, net assets of $2.3m. It reported 5 employees.