The Catholic Foundation of North Georgia Inc

Analysis

The Catholic Foundation of North Georgia Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in July 2017, 9 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 June 2023, The Catholic Foundation of North Georgia Inc reported income of $14.4m and spending of $4.2m, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $14.4m (+85%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 36% 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 Catholic Foundation of North 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 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Milwaukee Center for Independence Foundation Inc ($14.4m), Hamilton Community Foundation Inc ($14.5m) and Fanatics Charitable Foundation ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $329k (7.7% of expenses). Other salaries and wages came to $393k. At year end it held assets of $119.2m against liabilities of $35.5m, net assets of $83.7m. It reported 13 employees.