Quick charity verification for Cobb Community Foundation Inc (EIN: 205652970)
Verdict: Cobb Community Foundation Inc appears trustworthy
88/100Mission Score
$32.7MRevenue
$34.2MAssets
3Red Flags
3Strengths
Red Flags
Net deficit reported in the latest fiscal period (202312), with expenses exceeding revenue.
Consistent 0% officer compensation reported, which is atypical for an organization managing over $24 million in assets, warranting further inquiry.
Significant increase in liabilities, from $21,702 in 2014 to $11,100,763 in 2023, without clear explanation in the provided data.
Strengths
Strong and consistent asset growth over the past decade, from $5,996,414 in 2014 to $24,793,612 in 2023.
Generally positive revenue generation, with revenue exceeding expenses in most periods, contributing to financial stability.
Alignment with NTEE code A12 (Community Foundations), indicating a clear mission focus on managing charitable funds for community benefit.
Spending Breakdown
How Cobb Community Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Cobb Community Foundation Inc
Is Cobb Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cobb Community Foundation Inc (EIN: 205652970) appears trustworthy. Mission Score: 88/100. 3 red flags identified, 3 strengths noted.
Is Cobb Community Foundation Inc a good charity to donate to?
Cobb Community Foundation Inc has a Mission Score of 88/100. Revenue: $32.7M. Assets: $34.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cobb Community Foundation Inc?
The Employer Identification Number (EIN) for Cobb Community Foundation Inc is 205652970. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Cobb Community Foundation Inc spend its money?
Cobb Community Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cobb Community Foundation Inc's tax-exempt status?
You can verify Cobb Community Foundation Inc's tax-exempt status using EIN 205652970 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Cobb Community Foundation Inc demonstrates a consistent pattern of growth in both revenue and assets over the past decade, indicating strong financial health. For instance, assets grew from $5,996,414 in 2014 to $24,793,612 in 2023. The organization's spending efficiency appears to be generally sound, with expenses often significantly lower than revenue in many periods, allowing for asset accumulation. However, the 2023 period shows expenses ($5,507,191) exceeding revenue ($5,170,449), resulting in a net deficit for that year, which warrants monitoring. Transparency is high given the consistent reporting of 0% officer compensation across all available filings, suggesting that executive salaries are either very low or covered by other means, and are not a significant drain on donor funds. The NTEE code A12 (Community Foundations) aligns with their mission of managing charitable funds.