Community Foundation of Greater Chattanooga Inc

Analysis

Community Foundation of Greater Chattanooga Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in April 1965, 61 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 December 2023, Community Foundation of Greater Chattanooga Inc reported income of $40.0m and spending of $29.1m, leaving 27% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $36.8m to $40.0m (+8.9%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 58% 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 Greater Chattanooga Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Minneapolis Jewish Federation ($39.8m), Southern California Grantmakers ($40.1m) and We Are Sharing Hope SC ($39.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $645k (2.2% of expenses). Other salaries and wages came to $802k. At year end it held assets of $226.6m against liabilities of $5.9m, net assets of $220.7m. It reported 18 employees.