Communities Of Coastal Georgia Foundation Inc
Communities Of Coastal Georgia Foundation maintains strong assets despite recent revenue fluctuations and reports no officer compensation.
EIN: 202454729 · Brunswick, GA · NTEE: T31 · Updated: 2026-03-28
Is Communities Of Coastal Georgia Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Communities Of Coastal Georgia Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Communities Of Coastal Georgia Foundation Inc
Communities Of Coastal Georgia Foundation Inc (EIN: 202454729) is a nonprofit organization based in Brunswick, GA, classified under NTEE code T31. The organization reported total revenue of $20.9M and total assets of $54.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Communities Of Coastal Georgia Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Communities Of Coastal Georgia Foundation Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-860,964 |
| Total Assets | $48.9M |
| Total Liabilities | $3.8M |
| Net Assets | $45.1M |
| Operating Margin | -17.0% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 99.1 months |
Financial Health Grade: B
In 2023, Communities Of Coastal Georgia Foundation Inc reported a deficit of $861K with expenses exceeding revenue, holds 99.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Communities Of Coastal Georgia Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.5% | -1.7% | +7.6% |
| 2022 | -71.7% | +30.6% | -17.3% |
| 2021 | +0.9% | +25.6% | +18.2% |
| 2020 | +5.1% | +14.4% | +43.4% |
| 2019 | +224.1% | +5.7% | +69.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Communities Of Coastal Georgia Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Communities Of Coastal Georgia Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $861K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer-led executive team or that executive compensation is categorized differently, which is a strong positive for financial transparency and efficiency.
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 Communities Of Coastal Georgia Foundation Inc's IRS 990 filings:
- Recent decline in revenue from 2021 ($15,070,843) to 2023 ($5,055,459) could warrant further investigation into funding sources.
Strengths
The following positive indicators were identified for Communities Of Coastal Georgia Foundation Inc:
- Consistent growth in assets, from $32,433,363 in 2019 to $48,869,763 in 2023, demonstrating long-term financial health.
- Zero reported officer compensation across all filings, indicating high efficiency and transparency in executive pay.
- Strong asset base of $48,869,763 in 2023 provides significant financial stability.
- Healthy asset-to-liability ratio, with liabilities of $3,813,561 against substantial assets in 2023.
Frequently Asked Questions about Communities Of Coastal Georgia Foundation Inc
Is Communities Of Coastal Georgia Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Communities Of Coastal Georgia Foundation Inc (EIN: 202454729) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Communities Of Coastal Georgia Foundation Inc spend its money?
Communities Of Coastal Georgia Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Communities Of Coastal Georgia Foundation Inc tax-deductible?
Communities Of Coastal Georgia Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202454729). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Communities Of Coastal Georgia Foundation Inc a good charity?
Based on its financial data, the foundation appears to be a very good charity, demonstrating strong asset growth, efficient spending with no reported officer compensation, and a clear focus on its mission.
How has the foundation's revenue trended over the past five years?
The foundation's revenue has fluctuated, with highs of $14,942,988 in 2020 and $15,070,843 in 2021, followed by lower revenues of $4,266,450 in 2022 and $5,055,459 in 2023.
What is the organization's financial stability given its assets and liabilities?
The organization shows strong financial stability with assets of $48,869,763 and liabilities of $3,813,561 in 2023, indicating a very healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Communities Of Coastal Georgia Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Communities Of Coastal Georgia Foundation Inc's revenue has grown by 67.1%, moving from $3.0M to $5.1M. Total assets increased by 600.2% over the same period, from $7.0M to $48.9M. Total functional expenses rose by 536.2%, from $930K to $5.9M. In its most recent filing year (2023), Communities Of Coastal Georgia Foundation Inc reported a deficit of $861K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $48.9M in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $45.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $5.9M | $48.9M | $3.8M | — | — |
| 2022 | $4.3M | $6.0M | $45.4M | $2.7M | — | View 990 |
| 2021 | $15.1M | $4.6M | $55.0M | $3.1M | — | View 990 |
| 2020 | $14.9M | $3.7M | $46.5M | $2.9M | — | View 990 |
| 2019 | $14.2M | $3.2M | $32.4M | $2.6M | — | View 990 |
| 2018 | $4.4M | $3.0M | $19.2M | $2.2M | — | View 990 |
| 2017 | $4.1M | $2.2M | $19.3M | $2.2M | — | View 990 |
| 2016 | $3.0M | $2.7M | $16.9M | $2.4M | — | View 990 |
| 2015 | $4.5M | $2.4M | $15.9M | $2.3M | — | View 990 |
| 2014 | $3.3M | $1.1M | $14.7M | $2.2M | — | View 990 |
| 2013 | $3.4M | $788K | $12.7M | $2.3M | — | View 990 |
| 2012 | $2.0M | $903K | $8.5M | $1.4M | — | View 990 |
| 2011 | $3.0M | $930K | $7.0M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $5.9M, and assets of $48.9M (revenue +18.5% year-over-year).
- 2022: Revenue of $4.3M, expenses of $6.0M, and assets of $45.4M (revenue -71.7% year-over-year).
- 2021: Revenue of $15.1M, expenses of $4.6M, and assets of $55.0M (revenue +0.9% year-over-year).
- 2020: Revenue of $14.9M, expenses of $3.7M, and assets of $46.5M (revenue +5.1% year-over-year).
- 2019: Revenue of $14.2M, expenses of $3.2M, and assets of $32.4M (revenue +224.1% year-over-year).
- 2018: Revenue of $4.4M, expenses of $3.0M, and assets of $19.2M (revenue +7.5% year-over-year).
- 2017: Revenue of $4.1M, expenses of $2.2M, and assets of $19.3M (revenue +34.3% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.7M, and assets of $16.9M (revenue -32.4% year-over-year).
- 2015: Revenue of $4.5M, expenses of $2.4M, and assets of $15.9M (revenue +37.0% year-over-year).
- 2014: Revenue of $3.3M, expenses of $1.1M, and assets of $14.7M (revenue -3.8% year-over-year).
- 2013: Revenue of $3.4M, expenses of $788K, and assets of $12.7M (revenue +74.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $903K, and assets of $8.5M (revenue -35.5% year-over-year).
- 2011: Revenue of $3.0M, expenses of $930K, and assets of $7.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Communities Of Coastal Georgia Foundation Inc:
Data Sources and Methodology
This transparency report for Communities Of Coastal Georgia 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.