Commonbond Communities

Analysis

Commonbond Communities is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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, Commonbond Communities reported income of $30.1m and spending of $43.7m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.5m to $30.1m (+28%), an average of +6.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commonbond Communities sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Wesleyan Homes Inc ($30.1m), Fort Sanders Perinatal Center ($30.1m) and St Josephs Enterprises Inc ($30.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $319k (0.7% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $155.3m against liabilities of $72.9m, net assets of $82.5m. It reported 128 employees.