Common Ground Development Corporation

Analysis

Common Ground Development Corporation is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Common Ground Development Corporation reported income of $1.3m and spending of $652k, leaving 51% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $828k to $1.3m (+61%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Common Ground Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Catherine Booth Residence Inc ($1.3m), Lucys Hearth ($1.3m) and Mrs Phillipines Home for Senior Citizens Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 74% of the total. Other salaries and wages came to $8,170. At year end it held assets of $5.6m against liabilities of $2.3m, net assets of $3.3m.