Commonbond Endowment Foundation

Analysis

Commonbond Endowment Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Commonbond Endowment Foundation reported income of $1.4m and spending of $32k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $1.4m (+205%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 3.3% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Commonbond Endowment Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include NCF Carolinas Inc ($1.4m), US Ukrainian Activists Inc ($1.4m) and Kyle Petty Charity Ride Inc ($1.4m).

At year end it held assets of $12.9m against liabilities of $717k, net assets of $12.1m.