Commonweal

Analysis

Commonweal is a registered charity in United States, based in Bolinas, CA. It received its IRS tax-exemption ruling in October 2002, 24 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 June 2023, Commonweal reported income of $7.6m and spending of $9.4m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $7.6m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonweal sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Jewish Association for Developmental Disabilities Inc ($7.6m), Asian Services in Action Inc ($7.6m) and Nodaway County Services for the Developmentally Disables Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $454k (4.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $11.9m against liabilities of $1.2m, net assets of $10.7m. It reported 122 employees.