Common Foundation
EIN: 261421917 · Boulder, CO · NTEE: C123
| Metric | Value |
|---|---|
| Total Revenue | $632K |
| Total Expenses | $527K |
| Net Assets | $79K |
Is Common Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Common Foundation
Common Foundation (EIN: 261421917) is a nonprofit organization based in Boulder, CO, classified under NTEE code C123. The organization reported total revenue of $632K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Common Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Common Foundation is a small nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $495K |
| Total Expenses | $527K |
| Surplus / Deficit | $-31,930 |
| Total Assets | $177K |
| Total Liabilities | $98K |
| Net Assets | $79K |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 55.5% |
| Months of Reserves | 4.0 months |
Financial Health Grade: C
In 2023, Common Foundation reported a deficit of $32K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 55.5% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Common Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.9% | +70.3% | -10.9% |
| 2022 | +39.2% | +42.0% | +106.8% |
| 2021 | +99.1% | +18.6% | +51.8% |
| 2020 | -23.5% | +101.4% | -36.7% |
| 2019 | +183.4% | +114.9% | +264.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Common Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Common Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.5%.
Frequently Asked Questions about Common Foundation
Is Common Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Common Foundation (EIN: 261421917) insufficient data. 0 red flags identified, 0 strengths noted.
How does Common Foundation spend its money?
Detailed spending breakdown data is not yet available for Common Foundation. Check back for updated IRS 990 analysis.
Are donations to Common Foundation tax-deductible?
Common Foundation is registered as a tax-exempt nonprofit (EIN: 261421917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Common Foundation located?
Common Foundation is headquartered in Boulder, Colorado and files with the IRS under EIN 261421917. It is classified under NTEE code C123.
How many years of IRS 990 filings does Common Foundation have?
Common Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $632K in total revenue.
Filing History
IRS 990 filing history for Common Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Common Foundation's revenue has grown by 100.9%, moving from $246K to $495K. Total assets increased by 75.2% over the same period, from $101K to $177K. Total functional expenses rose by 196.9%, from $177K to $527K. In its most recent filing year (2023), Common Foundation reported a deficit of $32K, with expenses exceeding revenue. The organization holds $98K in liabilities against $177K in assets (debt-to-asset ratio: 55.5%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $527K | $177K | $98K | — | — |
| 2022 | $346K | $309K | $199K | $88K | — | View 990 |
| 2021 | $249K | $218K | $96K | $22K | — | View 990 |
| 2020 | $125K | $184K | $63K | $22K | — | — |
| 2019 | $163K | $91K | $100K | $500 | — | View 990 |
| 2018 | $58K | $42K | $27K | $0 | — | View 990 |
| 2017 | $41K | $82K | $12K | $277 | — | View 990 |
| 2016 | $88K | $84K | $54K | $614 | — | View 990 |
| 2015 | $117K | $168K | $50K | $279 | — | View 990 |
| 2014 | $246K | $177K | $101K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $527K, and assets of $177K (revenue +42.9% year-over-year).
- 2022: Revenue of $346K, expenses of $309K, and assets of $199K (revenue +39.2% year-over-year).
- 2021: Revenue of $249K, expenses of $218K, and assets of $96K (revenue +99.1% year-over-year).
- 2020: Revenue of $125K, expenses of $184K, and assets of $63K (revenue -23.5% year-over-year).
- 2019: Revenue of $163K, expenses of $91K, and assets of $100K (revenue +183.4% year-over-year).
- 2018: Revenue of $58K, expenses of $42K, and assets of $27K (revenue +40.2% year-over-year).
- 2017: Revenue of $41K, expenses of $82K, and assets of $12K (revenue -53.3% year-over-year).
- 2016: Revenue of $88K, expenses of $84K, and assets of $54K (revenue -24.5% year-over-year).
- 2015: Revenue of $117K, expenses of $168K, and assets of $50K (revenue -52.6% year-over-year).
- 2014: Revenue of $246K, expenses of $177K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Common Foundation:
Data Sources and Methodology
This transparency report for Common Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.