Commonwealth Foundation Inc

Analysis

Commonwealth Foundation Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Commonwealth Foundation Inc reported income of $754k and spending of $914k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $754k (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 674%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commonwealth Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include John T Waterhouse Share No 3 Trust ($754k), Maryland States Attorneys Association Incorporated ($754k) and Fairmount Center for Creative & Performing Arts Inc ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $344k against liabilities of $34k, net assets of $310k.