Commonwealth North Inc

Analysis

Commonwealth North Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 North Inc reported income of $133k and spending of $142k, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $260k to $133k (-49%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Commonwealth North Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 39th percentile within AK. Charities of a similar size with the same main cause include Festival Ballet of North Central Texas Inc ($133k), The Museum of North Texas History ($133k) and Plus Charities ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 26% of the total. Other salaries and wages came to $70k. At year end it held assets of $374k against liabilities of $4,190, net assets of $370k. It reported 1 employees.