Concept Foundation

Analysis

Concept Foundation is a registered charity in United States, based in Thailand. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending September 2023, Concept Foundation reported income of $3.1m and spending of $3.3m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.5m to $3.1m (-12%), an average of -3.2% a year. The sharpest change came in the year to September 2022, when income dropped by 34%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Concept Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 89th percentile. Charities of a similar size with the same main cause include International Funders for Indigenous Peoples ($3.1m), Worthwhile Wear Inc ($3.1m) and Bridge2rwanda Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $227k. At year end it held assets of $2.1m against liabilities of $1.6m, net assets of $566k.