Commonwealth School Inc

Analysis

Commonwealth School Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Commonwealth School Inc reported income of $18.8m and spending of $9.8m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.7m to $18.8m (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 93%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Commonwealth School Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Reach University ($18.8m), Villagereach ($18.8m) and Educational Opportunities for Children and Families ($18.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 43% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $37.4m against liabilities of $2.7m, net assets of $34.7m. It reported 85 employees.