Mission
THE WORLD HAS NEVER EXPERIENCED SO MUCH PROSPERITY NOR FACED SO MANY MASSIVE CHALLENGES. COMMONWEALTH HARNESSES THE SAME ENTREPRENEURIAL TALENT THAT CREATES WEALTH TO CREATE MORE OPPORTUNITY FOR EVERYONE TO FLOURISH.
Public Charity
COMMONWEALTH IMPACT FOUNDATION INC
Based in INDIANAPOLIS, IN, COMMONWEALTH IMPACT FOUNDATION INC operates as a Public Charity. The organization reported $6.1M in revenue, $8.7M in expenses, $8.7M in total assets for fiscal year 2024. Imperigo tracks 28 reported grant relationships connected to this organization totaling approximately $25.9M.
EIN: 850781875
INDIANAPOLIS, IN
Economic Development
NTEE: S30
Latest filing: 2024
Total Revenue$6.1M
Total Expenses$8.7M
Total Assets$8.7M
Grant Records28
Funding Total$25.9M
Filing Years2022–2024
Where $100 goes at Commonwealth Impact Foundation Inc
How Commonwealth Impact Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
$92
Programs
the work itself
$5
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $92 for programs
$23
Commonwealth Impact Foundation helps nonprofits and social ventures with demonstrated social impact access early-stage capital in the form of grants and low-interest loans
$23
Commonwealth Impact Foundation holds and administers donor advised funds to make mission-related investments to nonprofit and for profit companies with demonstrated social impact
$23
Commonwealth Impact Foundation specializes in real estate transactions supporting nonprofits and other charitable entities
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GRANTS
$66,800
Production of EVA shoes
$5,375,000
For grant recipient's exempt purposes
$451,555
GIVING AND GENEROSITY
$196,100
GENERAL SUPPORT
$100,334
Showing up to 5 of 28 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Cliff Benson
BOARD MEMBER
Jay Hein
BOARD MEMBER
Winston Justice
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6.1M | $8.7M | $8.7M |
| 2023 | $5.5M | $10.3M | $11.0M |
| 2022 | $11.7M | $1.8M | $16.6M |
Between 2022 and 2024, reported annual revenue declined from $11.7M to $6.1M (-48%), with total assets most recently reported at $8.7M.
Interactive year-over-year charts and full filing details available with membership.