Quick charity verification for Commonwealth Fund (EIN: 131635260)
Verdict: Commonwealth Fund appears trustworthy
90/100Mission Score
$6.4MRevenue
$922.7MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, indicating reliance on unpredictable investment returns or large, infrequent grants.
Expenses frequently exceed revenue, as seen in 202406 ($48.8M expenses vs $40.7M revenue) and 202306 ($52.3M expenses vs $22.2M revenue), which, while sustainable with a large endowment, could be a concern for organizations without such a buffer.
Strengths
Exceptional transparency with 0% reported officer compensation across all filings.
Strong and growing asset base, providing long-term financial stability (e.g., $922,680,894 in latest data).
Likely high program spending ratio, indicating efficient use of funds towards its mission.
Spending Breakdown
How Commonwealth Fund allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Commonwealth Fund
Is Commonwealth Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Commonwealth Fund (EIN: 131635260) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Commonwealth Fund a good charity to donate to?
Commonwealth Fund has a Mission Score of 90/100. Revenue: $6.4M. Assets: $922.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Commonwealth Fund?
The Employer Identification Number (EIN) for Commonwealth Fund is 131635260. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Commonwealth Fund spend its money?
Commonwealth Fund allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Commonwealth Fund's tax-exempt status?
You can verify Commonwealth Fund's tax-exempt status using EIN 131635260 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Commonwealth Fund demonstrates a consistent commitment to its mission, as evidenced by its substantial program spending relative to administrative and fundraising costs. While the organization's revenue has fluctuated significantly over the past decade, ranging from a low of $9,250,220 in 2020 to a high of $96,743,221 in 2013, its expenses have remained relatively stable, typically in the range of $35 million to $52 million annually. This suggests a disciplined approach to operations, even amidst varying income streams. The organization's substantial asset base, consistently over $600 million and reaching nearly $1 billion in 2021, provides a strong financial foundation for its long-term objectives.
Spending efficiency appears to be a strength, with a significant portion of expenses directed towards programs. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency and a focus on directing resources to the mission rather than executive salaries. This practice is commendable and contributes positively to the organization's overall financial health and public trust. The organization's substantial assets, particularly the $922,680,894 reported in the latest available data, provide a robust endowment to support its ongoing work in healthcare policy and practice.