The Common Good Inc

Analysis

The Common Good Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 2019, 7 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, The Common Good Inc reported income of $1.2m 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 fell from $1.3m to $1.2m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Common Good 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 81st percentile, and in the 83rd percentile within OK. Charities of a similar size with the same main cause include Student Organizing Inc ($1.2m), Humanidad Therapy & Education Services ($1.2m) and Onslow Victims Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $115k (8.5% of expenses). Other salaries and wages came to $584k. At year end it held assets of $1.8m against liabilities of $29k, net assets of $1.8m. It reported 58 employees.