Concordia Summit Inc

Analysis

Concordia Summit Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concordia Summit Inc reported income of $5.3m and spending of $5.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.3m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Concordia Summit Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Blessings International ($5.3m), Comfort Aid International ($5.4m) and Youth for Understanding USA Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$468k. It reported 24 employees.