Concordia University Inc

Analysis

Concordia University Inc is a registered charity in United States, based in Mequon, WI. 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 Inc reported income of $166.3m and spending of $171.2m, spending 103% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $158.3m to $166.3m (+5.0%), an average of +1.6% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia University Inc 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 100th percentile, and in the 100th percentile within WI. Charities of a similar size with the same main cause include Gannon University ($166.0m), St Marys College of California ($166.5m) and The Lutheran University Association Inc ($165.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.1m (0.6% of expenses). Other salaries and wages came to $48.3m. At year end it held assets of $171.3m against liabilities of $40.1m, net assets of $131.2m. It reported 2,949 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.