Concordia University Chicago

Analysis

Concordia University Chicago is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in July 1941, 85 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia University Chicago reported income of $94.8m and spending of $91.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $98.7m to $94.8m (-3.9%), an average of -1.0% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia University Chicago sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Edkey Inc ($94.8m), Ottawa University ($95.5m) and Vanguard University of So Ca ($94.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.1m (1.2% of expenses). Other salaries and wages came to $29.5m. At year end it held assets of $74.9m against liabilities of $50.3m, net assets of $24.6m. It reported 1,333 employees.