Concord Residential Club Inc

Analysis

Concord Residential Club Inc is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 March 2024, Concord Residential Club Inc reported income of $499k and spending of $403k, spending 81% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $407k to $499k (+23%), an average of +5.3% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concord Residential Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Latin American Educational Foundation ($499k), Wesley House Student Residence Inc ($499k) and Big Brothers Big Sisters of Central Wisconsin Inc ($499k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$364k.