Concerts for a Cause Inc

Analysis

Concerts for a Cause Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Concerts for a Cause Inc reported income of $223k and spending of $213k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $223k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Concerts for a Cause Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Juniata County Food Pantry Inc ($223k), Families Feeding Hope Foundation ($223k) and Acadia Community Association ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.