Concord University Research and Development Corporation

Analysis

Concord University Research and Development Corporation is a registered charity in United States, based in Athens, WV. It received its IRS tax-exemption ruling in June 2000, 26 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 June 2023, Concord University Research and Development Corporation reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $962k to $1.3m (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concord University Research and Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within WV. Charities of a similar size with the same main cause include Woodlawn Theatre Inc ($1.3m), Auschwitz-Birkenau Memorial Foundation ($1.3m) and Protein Society ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $145k (13% of expenses). Other salaries and wages came to $491k. At year end it held assets of $2.7m against liabilities of $1.3m, net assets of $1.4m. It reported 111 employees.