Common Ground Management Corporation

Analysis

Common Ground Management Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Common Ground Management Corporation reported income of $58.9m and spending of $66.9m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $32.5m to $58.9m (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Common Ground Management Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Upstate Midlands South Carolina Inc ($58.6m), Apprentice & Journeyman TRG TR Fund of So Ca PLMG HTG & Piping Indus ($59.1m) and Indianapolis Foundation Inc ($58.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.2m (1.8% of expenses). Other salaries and wages came to $27.1m. At year end it held assets of $76.4m against liabilities of $177.4m, net assets of -$101.0m. It reported 1,074 employees.