Commonweal Foundation

Analysis

Commonweal Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1983, 43 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 September 2023, Commonweal Foundation reported income of $2.3m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.5m to $2.3m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commonweal Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Plainfield City Union of the Kings Daughters ($2.3m), Laity Renewal Foundation ($2.3m) and Decatur Genealogical Society ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $402k (17% of expenses). Other salaries and wages came to $744k. At year end it held assets of $3.3m against liabilities of $628k, net assets of $2.6m. It reported 16 employees.