North Georgia Community Foundation

Analysis

North Georgia Community Foundation is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in September 1985, 41 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, North Georgia Community Foundation reported income of $20.4m and spending of $15.7m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.8m to $20.4m (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Georgia Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include New World Foundation ($20.3m), Pih Health Inc ($20.4m) and Idaho Community Foundation Inc ($20.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $228k (1.5% of expenses). Other salaries and wages came to $657k. At year end it held assets of $122.0m against liabilities of $5.0m, net assets of $117.0m. It reported 10 employees.