Nonprofit screen
Screen a listCommonlit Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Registered
- Charity type
- 509(a)(1)
$16Mrevenue
FY2024 · +73% in 3 yrs141staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−30.0%
Months of reserve0.6mo
Revenue growth (annualized)+29.9%
Middle half of peersMedianCommonlit
Where the money goes FY2024 · $21M spent
Programs$18M86%Management and general$2.4M12%Fundraising$524k3%990 FY2024 · Part IX line 25
Worth checking2
Federal awards stopped after FY2022
$4.0M in FY2022, none traced since.
USAspendingDeficits in 2 of the last 3 years
−$3.3M in FY2023 and −$4.8M in FY2024. Cash covers 0.6 months, under the peer median of 3.3.
990 Part I and balance sheetIn its favor1
Growing faster than peers
Revenue up 30% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohort30funders
$4.1Ma year, last 3 years
33%from its largest funder
Funder’17’18’19’20’21’22’23Tenacre FoundationSince FY2022$1.5M$2.5MFfwdSince FY2019$18k$13k$95k$661k$1.6MGates FoundationOn and off$1.6M$403kOverdeck Family Foundation IncSince FY2022$300k$1.5MRobin Hood FoundationOn and off$735k$150k$735k$150kThe William & Flora Hewlett FoundationStopped after FY2022$200k$260k$250k–Donor-advised giftsDonors not disclosed$2.0M$1.6M$1.1M$25k$25k$10610 other fundersUp to $500k a year each$50k$150k$473k$383k$1.6M$464k$100k
FundedThrough a donor-advised fundStopped