Concordia University

Analysis

Concordia University is a registered charity in United States, based in Seward, NE. 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 reported income of $74.3m and spending of $64.9m, spending 87% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $63.8m to $74.3m (+16%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NE. Charities of a similar size with the same main cause include New England College ($74.1m), Excelsior University ($74.4m) and Chaminade University of Honolulu ($74.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.7m (2.6% of expenses). Other salaries and wages came to $14.5m. It paid $82k in professional fundraising fees. At year end it held assets of $177.9m against liabilities of $34.5m, net assets of $143.4m. It reported 959 employees.