Common Fund for Non-Profit Organizations

Analysis

Common Fund for Non-Profit Organizations is a registered charity in United States, based in Wilton, CT. It received its IRS tax-exemption ruling in November 1970, 56 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Common Fund for Non-Profit Organizations reported income of $306.9m and spending of $31.3m, leaving 90% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $284.3m to $306.9m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 8.8% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Common Fund for Non-Profit Organizations 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 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Halifax Staffing Inc ($295.5m), Local Initiatives Support Corporation ($373.1m) and Goodwill Industries of Southern California ($288.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $4.8m (15% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $3.52bn against liabilities of $127.3m, net assets of $3.39bn. It reported 67 employees.