Commonwealth Institute of Funeral Service

Analysis

Commonwealth Institute of Funeral Service is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Commonwealth Institute of Funeral Service reported income of $3.9m and spending of $2.3m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.9m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Commonwealth Institute of Funeral Service sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Kellman Brown Academy a New Jersey Corporation ($3.9m), Arizona Sheet Metal Joint Apprenticeship and Training Commit ($3.9m) and Walnut Hill Properties Corporation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $138k (6.1% of expenses). Other salaries and wages came to $806k. At year end it held assets of $10.1m against liabilities of $337k, net assets of $9.8m. It reported 27 employees.