Commonwealth Institute for Fiscal Analysis

Analysis

Commonwealth Institute for Fiscal Analysis is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover public and societal benefit, 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 Institute for Fiscal Analysis reported income of $2.4m and spending of $2.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commonwealth Institute for Fiscal Analysis sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Integrated Health Center ($2.4m), Summech Community Development Corporation Inc ($2.4m) and Foundation for Independent Living Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $296k (14% of expenses). Other salaries and wages came to $993k. At year end it held assets of $4.0m against liabilities of $215k, net assets of $3.7m. It reported 18 employees.