Common Ground Shoals Inc

Analysis

Common Ground Shoals Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Common Ground Shoals Inc reported income of $172k and spending of $220k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $172k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Common Ground Shoals Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Bob Hartman International Ministries ($172k), Taking New Ground Inc ($172k) and Oil and Wine Ministries International ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (56% of expenses). At year end it held assets of $130k against liabilities of $3,999, net assets of $126k. It reported 6 employees.