Commonwealth Foundations
EIN: 465103846 · Richmond, VA · NTEE: T21
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $8.1M |
| Net Assets | $2.0M |
Is Commonwealth Foundations Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Commonwealth Foundations
Commonwealth Foundations (EIN: 465103846) is a nonprofit organization based in Richmond, VA, classified under NTEE code T21. The organization reported total revenue of $6.5M and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Commonwealth Foundations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Commonwealth Foundations is a mid-size nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.1M |
| Total Expenses | $8.1M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | 20.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Commonwealth Foundations reported a surplus of $2.0M with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2015–2023), Commonwealth Foundations's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | -24.7% | +13860.4% |
| 2022 | -20.5% | -9.3% | -98.2% |
| 2021 | -18.7% | -23.3% | +426.8% |
| 2020 | +23.2% | +25.3% | -27.6% |
| 2019 | +15.5% | +14.9% | +45.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Commonwealth Foundations 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 Commonwealth Foundations 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 surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Commonwealth Foundations
Is Commonwealth Foundations a legitimate charity?
Commonwealth Foundations (EIN: 465103846) is a registered tax-exempt nonprofit based in Virginia. It has 6 years of IRS 990 filings on record. Total revenue: $6.5M. No red flags identified. Financial health grade: A.
How does Commonwealth Foundations spend its money?
Commonwealth Foundations reported $6.5M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Commonwealth Foundations tax-deductible?
Commonwealth Foundations is registered as a tax-exempt nonprofit (EIN: 465103846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Commonwealth Foundations located?
Commonwealth Foundations is headquartered in Richmond, Virginia and files with the IRS under EIN 465103846. It is classified under NTEE code T21.
How many years of IRS 990 filings does Commonwealth Foundations have?
Commonwealth Foundations has 6 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 $6.5M in total revenue.
Filing History
IRS 990 filing history for Commonwealth Foundations showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Commonwealth Foundations's revenue has declined by 6.4%, moving from $10.8M to $10.1M. Total assets increased by 1274.9% over the same period, from $148K to $2.0M. Total functional expenses fell by 24.5%, from $10.7M to $8.1M. In its most recent filing year (2023), Commonwealth Foundations reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.1M | $8.1M | $2.0M | $1 | — | — |
| 2022 | $9.9M | $10.7M | $15K | $1 | — | View 990 |
| 2021 | $12.5M | $11.8M | $819K | $1 | — | View 990 |
| 2020 | $15.3M | $15.4M | $155K | $1 | — | View 990 |
| 2019 | $12.4M | $12.3M | $215K | $0 | — | View 990 |
| 2015 | $10.8M | $10.7M | $148K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.1M, expenses of $8.1M, and assets of $2.0M (revenue +1.8% year-over-year).
- 2022: Revenue of $9.9M, expenses of $10.7M, and assets of $15K (revenue -20.5% year-over-year).
- 2021: Revenue of $12.5M, expenses of $11.8M, and assets of $819K (revenue -18.7% year-over-year).
- 2020: Revenue of $15.3M, expenses of $15.4M, and assets of $155K (revenue +23.2% year-over-year).
- 2019: Revenue of $12.4M, expenses of $12.3M, and assets of $215K (revenue +15.5% year-over-year).
- 2015: Revenue of $10.8M, expenses of $10.7M, and assets of $148K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Commonwealth Foundations:
Data Sources and Methodology
This transparency report for Commonwealth Foundations 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.