Concord School of 1848

Analysis

Concord School of 1848 is a registered charity in United States, based in New Alexandri, PA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 School of 1848 reported income of $666k and spending of $5,950, leaving 99% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $100k to $666k (+567%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 1013%. Over the whole period it spent 2.1% 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 School of 1848 sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Marin Museum of Contemporary Art ($665k), Garden State Arts Foundation Inc ($666k) and Citizens for Backus Ab ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $858k against liabilities of $87k, net assets of $771k.