Commons Inc

Analysis

Commons Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2016, 10 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, Commons Inc reported income of $949k and spending of $846k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $949k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Commons Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 54th percentile within DC. Charities of a similar size with the same main cause include Inspiring Life ($949k), Urban Impact Ministries ($949k) and Association of Departments of Family Medicine ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $129k (15% of expenses). Other salaries and wages came to $388k. At year end it held assets of $1.3m against liabilities of $45k, net assets of $1.2m. It reported 5 employees.