Commongood Medical

Analysis

Commongood Medical is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in December 2016, 10 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, Commongood Medical reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commongood Medical sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Tracy Hospital Foundation ($1.3m), Friends of the Children - He Sapa ($1.3m) and Dare U to Care Outreach Ministry ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $450k. At year end it held assets of $1.1m against liabilities of $7,072, net assets of $1.1m. It reported 16 employees.