Concordia of Florida Inc

Analysis

Concordia of Florida Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia of Florida Inc reported income of $22.9m and spending of $23.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.3m to $22.9m (-19%), an average of -5.2% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concordia of Florida Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Riverwoods Durham ($22.8m), Housing Trust Silicon Valley ($23.0m) and Ihs the Institute for Human Services Inc ($22.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 95% of the total. Other salaries and wages came to $10.1m. At year end it held assets of $28.5m against liabilities of $24.7m, net assets of $3.8m. It reported 542 employees.