Intown Concord

Analysis

Intown Concord is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Intown Concord reported income of $292k and spending of $340k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $292k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Intown Concord sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within NH. Charities of a similar size with the same main cause include Webuild ($292k), Lacrosse Community Pride ($292k) and Living Wage for US Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $83k (24% of expenses). Other salaries and wages came to $40k. At year end it held assets of $176k against liabilities of $75k, net assets of $101k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.