Concora Foundation Inc

Analysis

Concora Foundation Inc is a registered charity in United States, based in Weston, FL. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Concora Foundation Inc reported income of $2.3m and spending of $1.1m, leaving 52% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $2.3m (+2235%), an average of +383% a year. The sharpest change came in the year to December 2022, when income rose by 707%. Over the whole period it spent 40% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Concora Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Anaheim Ducks Foundation Inc ($2.2m), Boy Scouts of America ($2.3m) and Erins House for Grieving Children Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.9m against liabilities of $4,528, net assets of $1.9m.