Georgia Cities Foundation Inc

Analysis

Georgia Cities Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Cities Foundation Inc reported income of $813k and spending of $400k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $813k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 530%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Georgia Cities Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within GA. Charities of a similar size with the same main cause include MCS Economic Development Corporation ($812k), Centennial Parkside CDC ($813k) and S G Atkins Community Development Corporation ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $18.2m against liabilities of $1.1m, net assets of $17.1m.