Concept Schools Inc

Analysis

Concept Schools Inc is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concept Schools Inc reported income of $66.2m and spending of $45.1m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.1m to $66.2m (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concept Schools Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Reading & Math Inc ($66.0m), Collegiate Academies ($66.5m) and Muskingum University ($65.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $514k (1.1% of expenses). Other salaries and wages came to $26.8m. At year end it held assets of $103.6m against liabilities of $29.2m, net assets of $74.5m. It reported 431 employees.