Concord Coalition Corp

Analysis

Concord Coalition Corp is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concord Coalition Corp reported income of $889k and spending of $1.2m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $889k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concord Coalition Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Springfield Ambulance Corps Delco Delaware County ($889k), Bayanihan Equity Center ($889k) and Cornerstone Renter Equity Inc ($889k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Other salaries and wages came to $753k. At year end it held assets of $143k against liabilities of $6,189, net assets of $137k. It reported 6 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.