More in Common Inc

Analysis

More in Common Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, More in Common Inc reported income of $2.6m and spending of $5.2m, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.6m (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, More in Common Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Project 150 ($2.6m), Achievement Services for Northeast Kansas Inc ($2.6m) and Hope Center Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $370k (7.1% of expenses). Other salaries and wages came to $846k. At year end it held assets of $1.6m against liabilities of $45k, net assets of $1.5m. It reported 12 employees.