Commonwealth Institute For Fiscal Analysis

Organization Overview

Commonwealth Institute For Fiscal Analysis is located in Richmond, VA. The organization was established in 2010. According to its NTEE Classification (W22) the organization is classified as: Public Finance, Taxation & Monetary Policy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Commonwealth Institute For Fiscal Analysis employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Institute For Fiscal Analysis is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Commonwealth Institute For Fiscal Analysis generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 8.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Commonwealth Institute For Fiscal Analysis has awarded 28 individual grants totaling $1,020,749. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Ashley Kenneth
President & CEO
$131,230
Thomas Calhoun
Vice Chair
$0
Latoya Asia
Chair
$0
Pierre Green
Treasurer
$0
Elaine Maag
Secretary
$0
Judy Conti
Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Virginia Education Association
Education And Outreach
$103,092
Capital Results
Communications & Media Relations Services
$245,399
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,936,562
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,936,562
Total Program Service Revenue$145
Investment income $14,621
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,951,328

Grants Awarded

Over the last fiscal year, Commonwealth Institute For Fiscal Analysis has awarded $624,498 in support to 12 organizations.

Grant RecipientAmount

NEW VA MAJORITY

PURPOSE: STRATEGIC PLANNING AND GRASSROOTS ORGANIZING

$96,000

NEW VA MAJORITY

PURPOSE: STRATEGIC PLANNING AND GRASSROOTS ORGANIZING

$96,000

NEW VA MAJORITY

PURPOSE: STRATEGIC PLANNING AND GRASSROOTS ORGANIZING

$96,000

VIRGINIA POVERTY LAW CENTER

Org PageRecipient Profile

Richmond, VA

PURPOSE: POLICY, RESEARCH, AND ANALYSIS

$48,000

VIRGINIA POVERTY LAW CENTER

Org PageRecipient Profile

Richmond, VA

PURPOSE: POLICY, RESEARCH, AND ANALYSIS

$48,000

VIRGINIA POVERTY LAW CENTER

Org PageRecipient Profile

Richmond, VA

PURPOSE: POLICY, RESEARCH, AND ANALYSIS

$48,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Commonwealth Institute For Fiscal Analysis has recieved totaling $1,708,580.

Awarding OrganizationAmount
Center On Budget And Policy Priorities

Washington, DC

PURPOSE: Proactive Revenues Cohort Project

$200,000
New Venture Fund

Washington, DC

PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY

$197,500
Eugene & Agnes E Meyer Foundation

Washington, DC

PURPOSE: TO SUPPORT GENERAL OPERATIONS OVER TWO YEARS ($160,000) AND WORK TO DECRIMINALIZE POVERTY ($75,000)

$155,000
Center On Budget And Policy Priorities

Washington, DC

PURPOSE: General Support

$150,000
Center On Budget And Policy Priorities

Washington, DC

PURPOSE: Safety Net Initiative Project

$100,000
Economic Policy Institute

Washington, DC

PURPOSE: EDUCATIONAL RESEARCH

$96,069
View Grant Recipient Profile

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