Commonwealth College Access Network

Analysis

Commonwealth College Access Network is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Commonwealth College Access Network reported income of $99k and spending of $99k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $88k to $99k (+12%), an average of +12% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Commonwealth College Access Network sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Academy of Medicine of Queens County Inc ($99k), Asilomar Microcomputer Workshop ($99k) and Niquan Global Foundation Inc ($99k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.