The Coral Gables Community Foundation

Analysis

The Coral Gables Community Foundation is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in January 1991, 35 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, The Coral Gables Community Foundation reported income of $6.7m and spending of $4.4m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $6.7m (+378%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Coral Gables Community Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Community Foundations Inc ($6.7m), Yeshiva of Phoenix ($6.7m) and Community Giving Foundation ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $173k (3.9% of expenses). Other salaries and wages came to $391k. At year end it held assets of $11.8m against liabilities of $474k, net assets of $11.3m. It reported 9 employees.