Commons Project Foundation

Analysis

Commons Project Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2020, 6 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, Commons Project Foundation reported income of $2.5m and spending of $2.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $2.5m (+737%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 642%. Over the whole period it spent 140% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commons Project Foundation sits at the 74th percentile: it is larger than about 74% 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 Dream on 3 ($2.5m), United Rehabilitation Services of Greater Dayton Foundation ($2.5m) and Watermark Health a Nonprofit Corporation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $512k. At year end it held assets of $6.8m against liabilities of $15.4m, net assets of -$8.7m. It reported 45 employees.