Commonwealth Charitable Management Inc

Analysis

Commonwealth Charitable Management Inc is a registered charity in United States, based in Montrose, PA. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Commonwealth Charitable Management Inc reported income of $8.7m and spending of $6.4m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $8.7m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 63% 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 Charitable Management Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Block 3 Community Urban Redevelopment Corporation ($8.7m), Round It Up America Inc ($8.8m) and Brooklyn Community Foundation ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 15% of the total. Other salaries and wages came to $576k. At year end it held assets of $30.3m against liabilities of $704k, net assets of $29.6m. It reported 12 employees.