Concordia College at Bronxville

Analysis

Concordia College at Bronxville is a registered charity in United States, based in Long Beach, NY. It received its IRS tax-exemption ruling in July 1941, 85 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Concordia College at Bronxville reported income of $38.9m and spending of $39.5m, spending 102% of its income. Across the 3 years on record, from June 2019 to June 2021, income fell from $42.2m to $38.9m (-7.9%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concordia College at Bronxville 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Adventhealth University Inc ($38.8m), Volunteers of America Inc ($38.9m) and Neighborhood Legal Services of Los Angeles County ($38.8m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 5.6% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $627k (1.6% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $58.3m against liabilities of $34.6m, net assets of $23.7m. It reported 836 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.