Common Capital Inc

Analysis

Common Capital Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Common Capital Inc reported income of $2.0m and spending of $1.5m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+64%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 104%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Common Capital Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Cityway Community Economic Development Corporation ($2.0m), Seize the Future Development Foundation ($2.0m) and City Fabrick ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $159k (11% of expenses). Other salaries and wages came to $471k. At year end it held assets of $11.0m against liabilities of $3.7m, net assets of $7.3m. It reported 8 employees.