Concord University Foundation Inc

Analysis

Concord University Foundation Inc is a registered charity in United States, based in Athens, WV. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Concord University Foundation Inc reported income of $3.4m and spending of $2.0m, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $3.4m (+86%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 285%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Concord University Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within WV. Charities of a similar size with the same main cause include Heuser Hearing & Language Academy Inc ($3.4m), Seminole State College Educational Foundation Inc ($3.4m) and Premier Arts and Science Charter School ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $116k. At year end it held assets of $56.9m against liabilities of $6.7m, net assets of $50.2m.