Concrete Advancement Foundation Inc

Analysis

Concrete Advancement Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concrete Advancement Foundation Inc reported income of $2.6m and spending of $2.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.6m (+121%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concrete Advancement Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Kenosha Public Museums Foundtion Inc ($2.6m), Grand Tacoma Cine Club ($2.6m) and Connecticut Aeronautical Historical Association ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. Compensation of current officers, directors and key employees was $331k (12% of expenses). Other salaries and wages came to $159k. At year end it held assets of $25.4m against liabilities of $182k, net assets of $25.2m.