Concordia Place

Analysis

Concordia Place is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Concordia Place reported income of $9.2m and spending of $8.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $9.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Concordia Place sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Chestnut Hill Benevolent Association ($9.2m), Civic Heart Community Services ($9.2m) and Relate Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $204k (2.3% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $10.2m against liabilities of $5.9m, net assets of $4.3m. It reported 194 employees.