Concord Homes Inc

Analysis

Concord Homes Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concord Homes Inc reported income of $3.2m and spending of $2.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.2m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concord Homes Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Kingdom Builders Transitional Housing Program ($3.2m), Margert Community Corporation ($3.2m) and Archway Housing & Services Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $682k. At year end it held assets of $2.9m against liabilities of $5.3m, net assets of -$2.4m.