Common Place Inc

Analysis

Common Place Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in October 1978, 48 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 June 2023, Common Place Inc reported income of $98k and spending of $7,741, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $481k to $98k (-80%), an average of -33% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Place Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Upshur County Shares ($98k), Howard County Resource Center ($98k) and Golden Butterfly Bakers Inc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $870k against liabilities of $0, net assets of $870k.