Cabbagetown Initiative Community Development Corp

Analysis

Cabbagetown Initiative Community Development Corp is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2002, 24 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, Cabbagetown Initiative Community Development Corp reported income of $182k and spending of $123k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $182k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cabbagetown Initiative Community Development Corp sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Pensacola Youth Soccer Inc ($181k), Friends of Glen Gray Inc ($182k) and Lititz Youth Soccer Club Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 2.5% of the total. At year end it held assets of $415k against liabilities of $11k, net assets of $404k.