Concordia of Ohio

Analysis

Concordia of Ohio is a registered charity in United States, based in Copley, OH. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Concordia of Ohio reported income of $15.0m and spending of $14.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.4m to $15.0m (+12%), an average of +3.0% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concordia of Ohio sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Waterfront Rescue Mission Inc ($15.0m), Community Housing Resources ($15.1m) and Justine Petersen Housing and Reinvestment Corporation ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 92% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $57.5m against liabilities of $38.5m, net assets of $19.0m. It reported 285 employees.