Concordia Lutheran Ministriesfoundation

Analysis

Concordia Lutheran Ministriesfoundation is a registered charity in United States, based in Cabot, PA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia Lutheran Ministriesfoundation reported income of $23.1m and spending of $14.3m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.1m to $23.1m (-36%), an average of -11% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Concordia Lutheran Ministriesfoundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Connecticut Community Care Inc ($23.1m), Excelsior Wellness ($23.1m) and Tri-County Memorial Hospital Inc ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 8.4% of the total. At year end it held assets of $237.7m against liabilities of $536k, net assets of $237.2m.