Overview
What is The Common Place Inc?
The Common Place Inc is a nonprofit organization situated in Philadelphia, Pennsylvania, with the main address at 5736 Chester Avenue, 19143. Its mission is to serve as a safe haven and a community hub for children in the neighborhood, offering innovative educational support programs. The organization primarily relies on contributions for its operation and aims to provide various social services. With a team of 32 dedicated individuals, The Common Place Inc strives to make a positive impact in the community by fostering educational growth and offering essential support services.
Official website here: www.thecommonplacephilly.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects The Common Place Inc's performance in the Accountability & Finance category, indicating a solid level of financial health and governance practices. The score is derived entirely from the accountability and financial metrics, which are crucial for potential donors seeking transparency and effectiveness in how their contributions are managed.
One of the notable strengths of The Common Place Inc is its governance structure, as evidenced by the presence of a fully independent board, scoring 100% in that area. Additionally, the organization has shown strong oversight practices, with a well-documented audit and oversight committee, and transparency in its board meeting documentation. The organization also maintains a low liability-to-asset ratio, showcasing its financial stability and responsible management of resources.
However, while the charity's program expense ratio is 64.11%, indicating a majority of its spending goes towards its programs, it falls short of the optimal range that typically reflects higher programmatic effectiveness. This may suggest that there is room for improvement in maximizing the impact of funds allocated to programs. Overall, The Common Place Inc shows commendable financial practices but could enhance its program spending effectiveness to further boost its charitable impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Common Place Inc legitimate?
The Common Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Common Place Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,631
For more financial information, click here
Official website here: www.thecommonplacephilly.org
What is the mission statement of The Common Place Inc?
The Common Place Inc, a nonprofit organization, is dedicated to serving as a sanctuary for neighborhood children, providing innovative educational support programs. It also aims to function as a central hub for social services within the community. The organization primarily relies on contributions for its operations, with the mission to positively impact the lives of local children. Through its initiatives, The Common Place strives to offer a supportive environment and various resources for the well-being and development of the children it serves.
Official website here: www.thecommonplacephilly.org
What is the revenue of The Common Place Inc?
The Common Place Inc's revenue in 2023 was $986,222.
Official website here: www.thecommonplacephilly.org
Who are the executives of The Common Place Inc and what are their salaries?
The average compensation at The Common Place Inc during 2023 was $16,954. There are 29 employees at The Common Place Inc.
Here are 9 key members and their salaries:
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- Compensation: $93,035
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- Other: $14,621
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Official website here: www.thecommonplacephilly.org
Where can I find the form 990 for The Common Place Inc?
The Common Place Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecommonplacephilly.org
Learn more at the official website: www.thecommonplacephilly.org
Mission Statement of The Common Place Inc
The Common Place Inc, a nonprofit organization, serves as a sanctuary for the local community's children, utilizing innovative educational support programs and functioning as a central hub for social services. The organization's mission is to provide a nurturing environment that empowers children, while also offering comprehensive social services to the neighborhood. This mission is primarily funded through donations, demonstrating the community's support for The Common Place Inc's cause.
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Impact
July, 2024
The Common Place Inc's impact is felt deeply within the Philadelphia community, particularly in uplifting and supporting the children of the neighborhood. Through innovative educational support programs and serving as a central hub for social services, The Common Place provides a crucial haven for young individuals in the area. By focusing on youth development and fostering a supportive environment, The Common Place is contributing positively to the future of the community.
This information is meant to be a general summary of The Common Place Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $223,168
- Gross Receipts: $986,222
Assets and Liabilities:
- Total Assets: $413,573
- Total Liabilities: $5,632
- Net Assets: $407,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition Income
Revenue
$112,198
Program Revenue
Revenue
$110,970
Organization Details
Founding Year
2014
Principal Officer
Christopher Holland
Website
www.thecommonplacephilly.orgNTEE Category
Code: O50 - Youth development
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