Common Defense Education Fund Inc

Analysis

Common Defense Education Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Defense Education Fund Inc reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $1.9m (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Common Defense Education Fund Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Big Brothers & Big Sisters of Greater Cincinnati, Inc ($1.9m), Integral Youth Services ($1.9m) and Colorado Consumer Health Initiative ($1.9m).

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 $66k (3.4% of expenses). Other salaries and wages came to $967k. At year end it held assets of $122k against liabilities of $187k, net assets of -$65k.