Community Foundation for Northeast Georgia Inc

Analysis

Community Foundation for Northeast Georgia Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1984, 42 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 Northeast Georgia Inc reported income of $17.0m and spending of $13.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.0m to $17.0m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 69% 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 Northeast Georgia Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Pikes Peak Community Foundation ($17.0m), United Way of Santa Barbara County Inc ($17.0m) and Community Foundation of Northern Illinois ($17.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $232k (1.7% of expenses). Other salaries and wages came to $329k. At year end it held assets of $79.0m against liabilities of $14.9m, net assets of $64.1m. It reported 5 employees.