Commonwealth Corporation Foundation

Analysis

Commonwealth Corporation Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 June 2023, Commonwealth Corporation Foundation reported income of $206k and spending of $530k, spending 257% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $300k to $206k (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2021, when income rose by 1537%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Commonwealth Corporation Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Foundation for Dubuque Public Schools ($206k), Penn-Harris-Madison Educational Foundation Inc ($206k) and The Good Shepherd Foundation ($206k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $147k, net assets of $1.3m.