Atlanta Community Toolbank Inc

Analysis

Atlanta Community Toolbank Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Atlanta Community Toolbank Inc reported income of $558k and spending of $549k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $765k to $558k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Atlanta Community Toolbank Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Youth Driving for Values ($558k), Team Ohio Hockey Foundation Inc ($558k) and Reading Youth Hockey Association Inc ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $286k (52% of expenses). At year end it held assets of $2.2m against liabilities of $7,626, net assets of $2.2m. It reported 7 employees.