Concord Area Trust for Community Housing

Analysis

Concord Area Trust for Community Housing is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in April 1994, 32 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 March 2023, Concord Area Trust for Community Housing reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.4m to $1.6m (+13%), an average of +4.2% a year. The sharpest change came in the year to March 2022, when income rose by 59%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concord Area Trust for Community Housing sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NH. Charities of a similar size with the same main cause include Homeless Veterans Fellowship ($1.6m), Senior Living Concepts ($1.6m) and Rebuilding Together - Twin Cities ($1.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 49% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $264k (19% of expenses). Other salaries and wages came to $83k. At year end it held assets of $11.8m against liabilities of $4.2m, net assets of $7.6m. It reported 12 employees.