Public Charity

Common Wealth Associates Inc

Based in Charlotte, NC, Common Wealth Associates Inc operates as a Public Charity. The organization reported $1.2M in revenue, $1.5M in expenses, $1.6M in total assets for fiscal year 2025. Imperigo tracks 44 reported grant relationships connected to this organization totaling approximately $1.7M.

EIN: 300842673 Charlotte, NC Latest filing: 2025
Total Revenue$1.2M
Total Expenses$1.5M
Total Assets$1.6M
Grant Records44
Funding Total$1.7M
Filing Years2020–2025

Mission

To equip low-income wage earners with increased financial capability so they can attain financial stability and decrease reliance on charitable assistance. This is achieved through a trauma-informed approach including education, personalized counseling, access to banking, and no-interest loans.

Officers & Directors

Secretary Amy Jacobs
Director Barbara Meeks
Director Brian Li
Executive Dir. Chuck Jones
Director Devin Norales
Board Treasurer Faye Gaddy

Officer compensation and complete director data available with membership.

Top Grant Purposes

CHARITABLE GIFT
$622,000 7 grants
GENERAL SUPPORT
$403,381 4 grants
Unrestricted Funds
$142,500 3 grants
EDUCATION
$112,825 5 grants
Operating Support/Annual Fund
$100,000 6 grants

Financial Trends

Year Revenue Expenses Assets
2025 $1.2M $1.5M $1.6M
2024 $1.9M $1.3M $1.9M
2023 $1.2M $1.3M $1.3M
2021 $995K $748K $1.1M
2020 $1.2M $672K $958K

Between 2020 and 2025, reported annual revenue declined from $1.2M to $1.2M (-2%), with total assets most recently reported at $1.6M.

Interactive year-over-year charts and full filing details available with membership.

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