The Common Good Inc
EIN: 824458593 · Tulsa, OK · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.4M |
| Net Assets | $1.8M |
Is The Common Good Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Common Good Inc
The Common Good Inc (EIN: 824458593) is a nonprofit organization based in Tulsa, OK, classified under NTEE code P20. The organization reported total revenue of $2.0M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Common Good Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Common Good Inc is a mid-size nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-139,231 |
| Total Assets | $1.8M |
| Total Liabilities | $29K |
| Net Assets | $1.8M |
| Operating Margin | -11.4% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 16.1 months |
Financial Health Grade: B
In 2023, The Common Good Inc reported a deficit of $139K with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), The Common Good Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.7% | +25.3% | +23.7% |
| 2022 | -7.7% | +40.3% | -13.4% |
| 2021 | +91.9% | +18.1% | +36.4% |
| 2020 | -56.0% | +109.3% | -4.1% |
| 2019 | +178.1% | +175.3% | +276.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Common Good Inc 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 The Common Good Inc 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 $139K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about The Common Good Inc
Is The Common Good Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Common Good Inc (EIN: 824458593) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Common Good Inc spend its money?
Detailed spending breakdown data is not yet available for The Common Good Inc. Check back for updated IRS 990 analysis.
Are donations to The Common Good Inc tax-deductible?
The Common Good Inc is registered as a tax-exempt nonprofit (EIN: 824458593). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Common Good Inc located?
The Common Good Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 824458593. It is classified under NTEE code P20.
How many years of IRS 990 filings does The Common Good Inc have?
The Common Good Inc 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for The Common Good Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), The Common Good Inc's revenue has grown by 167.9%, moving from $455K to $1.2M. Total assets increased by 428% over the same period, from $345K to $1.8M. Total functional expenses rose by 1096.3%, from $114K to $1.4M. In its most recent filing year (2023), The Common Good Inc reported a deficit of $139K, with expenses exceeding revenue. The organization holds $29K in liabilities against $1.8M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $1.8M | $29K | — | — |
| 2022 | $985K | $1.1M | $1.5M | $28K | — | View 990 |
| 2021 | $1.1M | $772K | $1.7M | $23K | — | View 990 |
| 2020 | $556K | $654K | $1.2M | $50K | — | View 990 |
| 2019 | $1.3M | $313K | $1.3M | $4K | — | View 990 |
| 2018 | $455K | $114K | $345K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $1.8M (revenue +23.7% year-over-year).
- 2022: Revenue of $985K, expenses of $1.1M, and assets of $1.5M (revenue -7.7% year-over-year).
- 2021: Revenue of $1.1M, expenses of $772K, and assets of $1.7M (revenue +91.9% year-over-year).
- 2020: Revenue of $556K, expenses of $654K, and assets of $1.2M (revenue -56.0% year-over-year).
- 2019: Revenue of $1.3M, expenses of $313K, and assets of $1.3M (revenue +178.1% year-over-year).
- 2018: Revenue of $455K, expenses of $114K, and assets of $345K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Common Good Inc:
Data Sources and Methodology
This transparency report for The Common Good Inc 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.