Cobb Community Foundation Inc
Cobb Community Foundation Inc shows strong asset growth but reported a deficit in its latest fiscal period.
EIN: 205652970 · Atlanta, GA · NTEE: A12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.7M |
| Total Expenses | $5.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $24 |
| Net Assets | $13.7M |
| Transparency Score | 88/100 |
Is Cobb Community Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cobb Community Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cobb Community Foundation Inc
Cobb Community Foundation Inc (EIN: 205652970) is a nonprofit organization based in Atlanta, GA, classified under NTEE code A12. The organization reported total revenue of $32.7M and total assets of $34.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cobb Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cobb Community Foundation Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-336,742 |
| Total Assets | $24.8M |
| Total Liabilities | $11.1M |
| Net Assets | $13.7M |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 44.8% |
| Months of Reserves | 54.0 months |
Financial Health Grade: B
In 2023, Cobb Community Foundation Inc reported a deficit of $337K with expenses exceeding revenue, holds 54.0 months of operating reserves (strong position), has a debt-to-asset ratio of 44.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cobb Community Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +117.4% | +8.7% |
| 2022 | +43.4% | -10.2% | +23.8% |
| 2021 | +43.8% | +15.2% | +24.7% |
| 2020 | -27.2% | +67.0% | +8.6% |
| 2019 | -0.5% | +1.5% | +34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cobb Community Foundation Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cobb Community Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $337K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with assets exceeding $24 million. This suggests that key personnel may be compensated through other entities or that the foundation operates with entirely volunteer leadership, which would be exceptional.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cobb Community Foundation Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Cobb Community Foundation Inc:
- 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.
Frequently Asked Questions about Cobb Community Foundation Inc
Is Cobb Community Foundation Inc a legitimate charity?
Cobb Community Foundation Inc (EIN: 205652970) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $32.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Cobb Community Foundation Inc spend its money?
Cobb Community Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cobb Community Foundation Inc tax-deductible?
Cobb Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205652970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cobb Community Foundation Inc CEO make?
Cobb Community Foundation Inc's highest-compensated officer earns $24 annually. The organization reported $32.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cobb Community Foundation Inc's spending goes to programs?
Cobb Community Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cobb Community Foundation Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Cobb Community Foundation Inc is above average for NTEE category A12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cobb Community Foundation Inc located?
Cobb Community Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 205652970. It is classified under NTEE code A12.
How many years of IRS 990 filings does Cobb Community Foundation Inc have?
Cobb Community Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $32.7M in total revenue.
Why was there a deficit in the 2023 fiscal period?
In 2023, Cobb Community Foundation Inc reported expenses of $5,507,191 against revenues of $5,170,449, leading to a net deficit. This contrasts with previous years where revenue generally exceeded expenses, contributing to asset growth. Further investigation into the nature of these expenses would be beneficial.
How is executive compensation handled if reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests that executive salaries might be paid by a related entity, covered by grants, or that the foundation operates with entirely volunteer leadership. Clarification on this would enhance transparency.
What is the nature of the significant liabilities reported?
Liabilities have grown substantially, from $21,702 in 2014 to $11,100,763 in 2023. Understanding the composition of these liabilities (e.g., grants payable, program-related investments, or other obligations) is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Cobb Community Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cobb Community Foundation Inc's revenue has grown by 541.6%, moving from $806K to $5.2M. Total assets increased by 733.2% over the same period, from $3.0M to $24.8M. Total functional expenses rose by 654.7%, from $730K to $5.5M. In its most recent filing year (2023), Cobb Community Foundation Inc reported a deficit of $337K, with expenses exceeding revenue. The organization holds $11.1M in liabilities against $24.8M in assets (debt-to-asset ratio: 44.8%), resulting in net assets of $13.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.5M | $24.8M | $11.1M | — | View 990 |
| 2022 | $5.1M | $2.5M | $22.8M | $9.6M | — | — |
| 2021 | $3.6M | $2.8M | $18.4M | $5.6M | — | View 990 |
| 2020 | $2.5M | $2.4M | $14.8M | $3.7M | — | — |
| 2019 | $3.4M | $1.5M | $13.6M | $3.0M | — | View 990 |
| 2018 | $3.4M | $1.4M | $10.1M | $2.4M | — | View 990 |
| 2017 | $1.7M | $1.6M | $6.5M | $2.4M | — | View 990 |
| 2016 | $1.7M | $1.6M | $6.5M | $2.4M | — | View 990 |
| 2015 | $1.8M | $1.5M | $6.0M | $41K | — | View 990 |
| 2014 | $2.6M | $1.3M | $6.0M | $22K | — | View 990 |
| 2013 | $1.0M | $750K | $4.6M | $23K | — | View 990 |
| 2012 | $1.1M | $538K | $3.8M | $250 | — | View 990 |
| 2011 | $806K | $730K | $3.0M | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.5M, and assets of $24.8M (revenue +0.7% year-over-year).
- 2022: Revenue of $5.1M, expenses of $2.5M, and assets of $22.8M (revenue +43.4% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.8M, and assets of $18.4M (revenue +43.8% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.4M, and assets of $14.8M (revenue -27.2% year-over-year).
- 2019: Revenue of $3.4M, expenses of $1.5M, and assets of $13.6M (revenue -0.5% year-over-year).
- 2018: Revenue of $3.4M, expenses of $1.4M, and assets of $10.1M (revenue +97.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $6.5M (revenue +0.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $6.5M (revenue -3.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $6.0M (revenue -29.3% year-over-year).
- 2014: Revenue of $2.6M, expenses of $1.3M, and assets of $6.0M (revenue +146.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $750K, and assets of $4.6M (revenue -8.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $538K, and assets of $3.8M (revenue +40.6% year-over-year).
- 2011: Revenue of $806K, expenses of $730K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cobb Community Foundation Inc:
Data Sources and Methodology
This transparency report for Cobb Community Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.