Common Purpose Inc

Analysis

Common Purpose Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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, Common Purpose Inc reported income of $403k and spending of $402k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $351k to $403k (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Common Purpose Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Seneca Valley Choral Boosters ($403k), Rush Medical Group of Newton Pa ($403k) and Northeastern Technical College Foundation ($403k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $270k. At year end it held assets of $52k against liabilities of $12k, net assets of $40k. It reported 6 employees.