Common Good Community Development Corporation

Analysis

Common Good Community Development Corporation is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Common Good Community Development Corporation reported income of $823k and spending of $867k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $823k (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 110%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Common Good Community Development Corporation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Pitkin Avenue District Management Association Inc ($823k), Friends of St Marys ($823k) and Service Club of Chicago ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $77k (8.8% of expenses). Other salaries and wages came to $479k. At year end it held assets of $1.2m against liabilities of $2,821, net assets of $1.2m. It reported 25 employees.