Concordia University Foundation

Analysis

Concordia University Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 $850k and spending of $2.9m, spending 343% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $850k (-60%), an average of -20% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia University Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Las Positas College Foundation ($849k), Southeastern Early College & Career Academy Inc ($850k) and Luster Learning Institute NFP ($849k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $217k (7.5% of expenses). Other salaries and wages came to $895k. At year end it held assets of $6.5m against liabilities of $862k, net assets of $5.7m.