Commonwealth Community Trust Endowment Fund

Analysis

Commonwealth Community Trust Endowment Fund is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Community Trust Endowment Fund reported income of $3.0m and spending of $2.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.0m (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonwealth Community Trust Endowment Fund sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Institutes for the Achievement of Human Potential ($3.0m), Reach for Recovery Inc ($3.0m) and Acgme International Group Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $280k (10% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.3m against liabilities of $253k, net assets of $3.1m. It reported 31 employees.