Common Ground Network Inc

Analysis

Common Ground Network Inc is a registered charity in United States, based in Mansfield, TX. It received its IRS tax-exemption ruling in October 2003, 23 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, Common Ground Network Inc reported income of $140k and spending of $184k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $206k to $140k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Ground Network Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Ar-Razzaq Food Bank ($140k), Violas Gift Incorporated ($140k) and Emergency Clearinghouse Association of Pickaway County Inc ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 94% of the total. At year end it held assets of $110k against liabilities of $0, net assets of $110k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.