Commonwealth Agency Inc

Analysis

Commonwealth Agency Inc is a registered charity in United States, based in Hayden, ID. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Commonwealth Agency Inc reported income of $150k and spending of $44k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $150k (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 35% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Commonwealth Agency Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within ID. Charities of a similar size with the same main cause include East Side Affordable Housing Development Fund Corporation ($150k), Olympic Housing Trust ($150k) and J B Goldberg Bnai Brith Senior Citizens Tower Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 59% of the total. Compensation of current officers, directors and key employees was $12k (27% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.