Community Foundation of Central Georgia Inc

Analysis

Community Foundation of Central Georgia Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in January 1994, 32 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 2024, Community Foundation of Central Georgia Inc reported income of $11.0m and spending of $11.3m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $22.5m to $11.0m (-51%), an average of -13% a year. The sharpest change came in the year to June 2024, when income dropped by 40%. Over the whole period it spent 57% 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 of Central Georgia Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within GA. Charities of a similar size with the same main cause include Giving Tuesday Inc ($11.0m), John G Kenedy Jr Charitable TR -Surface Estate TR ($11.0m) and The Philanthropy Roundtable Inc ($11.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $411k (3.6% of expenses). Other salaries and wages came to $369k. At year end it held assets of $179.3m against liabilities of $29.9m, net assets of $149.4m. It reported 8 employees.