Nonprofit · EIN 27-1598303
COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,284,570 | $2,161,338 | $123,232 | $3,993,205 | $87,633 | $3,905,572 |
| December 31, 2023 | 990 (amended) | $2,246,254 | $2,107,951 | $138,303 | $3,863,756 | $159,872 | $3,703,884 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,277,900
- Program service revenue
- $0
- Investment income
- $6,540
- Other revenue
- $130
Expenses
- Grants and similar amounts paid
- $306,670
- Compensation of officers, directors and key employees
- $292,305
- Other salaries and wages
- $928,986
- Salaries, compensation and benefits (total)
- $1,465,332
- Professional fundraising fees
- $0
- Legal fees
- $1,390
- Accounting fees
- $33,750
- Occupancy
- $54,400
- Travel
- $63,010
- Depreciation
- $7,313
- Program services (functional)
- $1,848,051
- Management and general (functional)
- $112,614
- Fundraising (functional)
- $200,673
Balance sheet and other
- Total assets, start of year
- $3,863,756
- Total assets, end of year
- $3,993,205
- Total liabilities, end of year
- $87,633
- Net assets, end of year
- $3,905,572
- Land, buildings and equipment
- $2,587
- Net assets without donor restrictions
- $2,227,824
- Net assets with donor restrictions
- $1,677,748
- Gross receipts
- $2,284,570
- Employees
- 15
- Volunteers
- 7
- Year formed
- 2010
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ashley Kenneth | President & CEO Trustee or director, Officer | 40 | $166,840 | $32,118 |
| Leigh Anne Collier | Senior Vice President Officer | 40 | $125,465 | $31,917 |
| Jenny Sullivan | Member Trustee or director | 2 | $0 | $0 |
| Donna Waddell | Member Trustee or director | 2 | $0 | $0 |
| Bedelia Richards | Member Trustee or director | 2 | $0 | $0 |
| Marvin Gilliam | Member Trustee or director | 2 | $0 | $0 |
| Sharhonda Woods | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Cassandra Willis | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Judy Conti | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Pierre Green | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ashley Kenneth | President & CEO Officer | 40 | $152,589 | $23,619 |
| Leigh Anne Collier | Senior Vice President Officer | 40 | $143,246 | $0 |
| Eric Lin | Member Trustee or director | 2 | $0 | $0 |
| Jenny Sullivan | Member Trustee or director | 2 | $0 | $0 |
| Sharhonda Woods | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Cassandra Willis | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Judy Conti | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1329 E CARY ST STE 200, RICHMOND, VA 23219-4142
- In care of
- % ASHLEY KENNETH
- Principal officer (990 for 2024)
- Ashley Kenneth, 1329 E Cary Street STE 200, Richmond, VA 23219
- Signed the 990
- ASHLEY KENNETH, President & CEO
- Phone
- (804) 396-2051
- Return prepared by
- Mullins PC
Mission
To use policy, research, and analysis to advance the well-being of Virginia communities, and improve the economic security and social opportunities of all Virginians.
Program accomplishments
- The Institute provides credible, independent, and accessible information and analysis of fiscal and economic issues with particular attention to the impacts of low and moderate income persons. This is achieved through research, analysis, and education in the areas of budget & tax, labor & wage, health care, immigration, and decriminalization of poverty.Expenses $1,848,051 · grants $306,670
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1598303
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W22)
- Assets (IRS master file)
- $3,993,205
- Income (IRS master file)
- $2,284,570
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,284,570 | $2,161,338 | $3,993,205 | XML |
| 990 | December 2023 | $2,246,254 | $2,107,951 | $3,863,756 | XML |
| 990 | December 2022 | $2,298,835 | $2,118,840 | $3,717,095 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1598303).
Questions about COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS
- What is the EIN of COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS?
- The employer identification number (EIN) of COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS is 27-1598303.
- Is COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS?
- The 990 for the year ended December 31, 2024 names Ashley Kenneth.
- Who are the officers and directors of COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $166,840 (Ashley Kenneth, President & CEO).
- How much revenue does COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,284,570, expenses of $2,161,338 and total assets of $3,993,205 at year end.
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