Common Foundation Inc

Analysis

Common Foundation Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Foundation Inc reported income of $129k and spending of $59k, leaving 54% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $117k to $129k (+11%), an average of +11% a year. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Common Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Friends of Historic Sharon High School and Community Center ($129k), Hollywood Studio of Dance ($129k) and Music Camps North Inc ($129k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. At year end it held assets of $450k against liabilities of $1,730, net assets of $448k.