Georgia Community Foundation Inc

Analysis

Georgia Community Foundation Inc is a registered charity in United States, based in Peachtree Cor, GA. It received its IRS tax-exemption ruling in May 1992, 34 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, Georgia Community Foundation Inc reported income of $4.5m and spending of $3.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.5m (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Georgia Community Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Colorado Springs Health Foundation ($4.5m), Youth Programs Inc ($4.5m) and Padres Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $192k (5.2% of expenses). Other salaries and wages came to $588k. At year end it held assets of $24.3m against liabilities of $1.2m, net assets of $23.1m. It reported 15 employees.