The Common Good Inc

Analysis

The Common Good Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. 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 December 2023, The Common Good Inc reported income of $363k and spending of $307k, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $298k to $363k (+22%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Common Good Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Jewish Family Services Supporting Foundation ($363k), Raising Arrows Academy Inc ($363k) and Yorktown Emergency Medical Service ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $172k. At year end it held assets of $225k against liabilities of $4,103, net assets of $221k. It reported 10 employees.