Concrete Industry Board Inc

Analysis

Concrete Industry Board Inc is a registered charity in United States, based in Kew Gardens, NY. It received its IRS tax-exemption ruling in February 2009, 17 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 (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Concrete Industry Board Inc reported income of $488k and spending of $526k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $474k to $488k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Concrete Industry Board Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Arlee Community Development Corporation ($488k), Baton Rouge Early Childhood Education Collaborative ($488k) and Launchyourcity Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $53k (10% of expenses). At year end it held assets of $1.9m against liabilities of $47k, net assets of $1.9m. It reported 1 employees.