Overview

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Est.

2013

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

COMMONLIT INC is an education nonprofit focused on making high-quality literacy materials accessible to teachers and the general public to advance education. In filing year 2024, it reported an operating budget of $20.6M and total revenue of $15.9M, with major funding from TENACRE FOUNDATION, RIPPLEWORKS INC, and FFWD.

Mission Statement

TO MAKE HIGH-QUALITY LITERACY MATERIALS ACCESSIBLE TO TEACHERS AND THE GENERAL PUBLIC FOR THE ADVANCEMENT OF EDUCATION.
Revenues
$15.9M
Expenses
$20.6M
Net Income:
-$4.8M
Assets
$11.9M
Liabilities
$12.2M
Net Assets:
-$311K
Operating Budget
$20.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
10
Median grant size
$275K
Largest grant received
$3M
M
Michelle Brown
Board Member
J
Jason Atwood
Board Member
J
John Oh
Board Member
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  • 28 funders
  • 41 board & team members
  • 11 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is COMMONLIT INC’s budget?
In 2024, COMMONLIT INC reported an annual operating budget of around $20.6 million. More detailed financial information is available to registered users.
What causes does COMMONLIT INC support?
COMMONLIT INC supports work in Education.
Where does COMMONLIT INC operate?
COMMONLIT INC is headquartered in Washington, DC.
Who funded COMMONLIT INC recently?
In 2024, COMMONLIT INC received grants from RIPPLEWORKS INC, TENACRE FOUNDATION, and RIPPLEWORKS INC. More information on this organization’s funders is available to registered users.
What is the largest grant COMMONLIT INC received in 2024?
The largest grant to COMMONLIT INC in 2024 exceeds $3 million.
What is COMMONLIT INC’s reliance on government grants?
COMMONLIT INC relied on government grants for more than 5% of their total revenue in 2024.