Concord Independent Foundation Inc

Analysis

Concord Independent Foundation Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in March 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concord Independent Foundation Inc reported income of $780k and spending of $538k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $847k to $780k (-8.0%), an average of -8.0% a year. Over the whole period it spent 39% 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 Independent Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Golf History of Colorado Foundation ($780k), American General Media Foundation ($780k) and Interactive Neighborhood for Kids Inc ($779k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Other salaries and wages came to $221k. At year end it held assets of $1.1m against liabilities of $64k, net assets of $1.0m. It reported 6 employees.