Commentary Inc

Analysis

Commentary Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Commentary Inc reported income of $2.7m and spending of $2.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.7m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Commentary Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Interfaithfamily Com Inc ($2.7m), Church of the Harvest ($2.7m) and Slavic Church Sulamita ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $930k (32% of expenses). Other salaries and wages came to $220k. At year end it held assets of $6.6m against liabilities of $907k, net assets of $5.7m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.