Commonshare Inc

Analysis

Commonshare Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Commonshare Inc reported income of $1.2m and spending of $1.2m, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $419k to $1.2m (+181%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Commonshare Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Osap Foundation Inc ($1.2m), The Physician Network ($1.2m) and National Tay Sachs & Allied Diseases Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $29k (2.4% of expenses). Other salaries and wages came to $245k. At year end it held assets of $417k against liabilities of $431k, net assets of -$14k. It reported 9 employees.