Commonwealth Cares Fund Inc

Analysis

Commonwealth Cares Fund Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Cares Fund Inc reported income of $535k and spending of $413k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $101k to $535k (+432%), an average of +40% a year. The sharpest change came in the year to December 2019, when income rose by 309%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonwealth Cares Fund Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Blackfem Inc ($535k), Jcvision & Associates Inc ($535k) and Chainbreaker Collective ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.5m against liabilities of $55k, net assets of $1.5m.