Concordia University Foundation

Analysis

Concordia University Foundation is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in January 1970, 56 years ago. 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 University Foundation reported income of $2.8m and spending of $1.8m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.8m (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concordia University Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include American Civil Liberties Union of North Carolina Legl Foundation Inc ($2.8m), Christus Health Foundation of Southeast Texas ($2.8m) and World Institute on Disability ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $28.5m against liabilities of $0, net assets of $28.5m.