Concordia Education Foundation Inc

Analysis

Concordia Education Foundation Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in April 1961, 65 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Concordia Education Foundation Inc reported income of $1.9m and spending of $848k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.9m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2024, when income rose by 188%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia Education Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Nelson Mandela Elementary School Inc ($1.9m), Montessori Childrens School of Key West Inc ($1.9m) and Friends of Independent Schools and Better Education ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $22.0m against liabilities of $2.7m, net assets of $19.2m.