Concord Plaza Tower Inc

Analysis

Concord Plaza Tower Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Concord Plaza Tower Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concord Plaza Tower Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Pulaski Heights Inc ($1.2m), Shakespeare Senior Housing Development Fund Corporation ($1.2m) and Affordable Housing Continuum ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $275k. At year end it held assets of $4.1m against liabilities of $5.5m, net assets of -$1.5m.