Concordia Foundation Nebraska

Analysis

Concordia Foundation Nebraska is a registered charity in United States, based in Seward, NE. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Concordia Foundation Nebraska reported income of $1.3m and spending of $879k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $921k to $1.3m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 2126%. Over the whole period it spent 14% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concordia Foundation Nebraska sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NE. Charities of a similar size with the same main cause include Building Bright Futures State Council Inc ($1.3m), Mattan Basseter Inc ($1.3m) and Brown Christian Academy ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $17.5m against liabilities of $250, net assets of $17.5m.