Community Concepts Finance Corp

Analysis

Community Concepts Finance Corp is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Concepts Finance Corp reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Concepts Finance Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Willow Creek Housing Inc ($2.1m), Bridges to Independence Inc ($2.1m) and Helping Hands of Springfield Inc ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $12.5m against liabilities of $8.1m, net assets of $4.4m.