Commonheart Inc

Analysis

Commonheart Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in April 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Commonheart Inc reported income of $15.4m and spending of $16.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $15.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Commonheart Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Nicklaus Childrens Health Care Foundation Inc ($15.4m), Sandler Foundation ($15.4m) and Greater Cedar Rapids Community Foundation ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $7.1m. At year end it held assets of $12.1m against liabilities of $3.3m, net assets of $8.8m.