Commonspace

Analysis

Commonspace is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Commonspace reported income of $2.7m and spending of $2.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.7m (+75%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonspace sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Town of Bennington Rescue Squad Inc ($2.7m), Novasalud ($2.7m) and Good Samaritan Health Services Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $115k (4.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $13k. It reported 61 employees.