Commonwealth Policy Foundation

Analysis

Commonwealth Policy Foundation is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in August 2014, 12 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, Commonwealth Policy Foundation reported income of $393k and spending of $519k, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $201k to $393k (+95%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Commonwealth Policy Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within KY. Charities of a similar size with the same main cause include Community Dispute Resolution Center ($393k), Redec Relending Corporation ($393k) and Young Leaders Council Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Other salaries and wages came to $275k. At year end it held assets of $172k against liabilities of $6,143, net assets of $166k. It reported 6 employees.