Common Application Inc

Analysis

Common Application Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Common Application Inc reported income of $61.3m and spending of $47.9m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $37.1m to $61.3m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Common Application Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Shady Side Academy ($61.3m), Campanile Foundation ($61.4m) and Montana State University Foundation ($61.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.7m (5.7% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $84.3m against liabilities of $13.0m, net assets of $71.3m. It reported 175 employees.