Concordia College Corporation

Analysis

Concordia College Corporation is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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 April 2023, Concordia College Corporation reported income of $93.7m and spending of $105.5m, spending 113% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $142.6m to $93.7m (-34%), an average of -10% a year. The sharpest change came in the year to April 2022, when income dropped by 17%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concordia College Corporation sits at the 100th 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 MN. Charities of a similar size with the same main cause include William Carey University ($93.7m), New England Organ Bank Inc ($94.3m) and Arc of the Ozarks ($93.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $949k (0.9% of expenses). Other salaries and wages came to $37.3m. It paid $1,298 in professional fundraising fees. At year end it held assets of $371.8m against liabilities of $56.6m, net assets of $315.2m. It reported 2,692 employees.