Commonwealth Center for Fathers & Families Tax Matters

Analysis

Commonwealth Center for Fathers & Families Tax Matters is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 2022, 4 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, Commonwealth Center for Fathers & Families Tax Matters reported income of $738k and spending of $601k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $559k to $738k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonwealth Center for Fathers & Families Tax Matters sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include St Paul Gillespie-Seldon Rural Life Community Center Inc ($738k), Spectrum Human Services Foundation Inc ($738k) and Marked for Love ($737k).

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 $99k (16% of expenses). Other salaries and wages came to $155k. At year end it held assets of $279k against liabilities of $0, net assets of $279k.