Concord Consortium Inc

Analysis

Concord Consortium Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Concord Consortium Inc reported income of $9.5m and spending of $10.2m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $10.0m to $9.5m (-4.7%), an average of -1.2% a year. The sharpest change came in the year to September 2022, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concord Consortium Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Bonnie Cone Classical Academy Inc ($9.5m), University of North Carolina at Asheville Foundation Inc ($9.5m) and National Center for Teacher Residencies Inc ($9.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $540k (5.3% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $4.5m against liabilities of $1.9m, net assets of $2.5m. It reported 47 employees.