Concord House Of Charleston Inc
Concord House Of Charleston Inc maintains stable finances with no reported officer compensation.
EIN: 141883194 · Huntington, WV · NTEE: P70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $121K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100,000. |
| Net Assets | $368K |
| Transparency Score | 80/100 |
Is Concord House Of Charleston Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concord House Of Charleston Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concord House Of Charleston Inc
Concord House Of Charleston Inc (EIN: 141883194) is a nonprofit organization based in Huntington, WV, classified under NTEE code P70. The organization reported total revenue of $114K and total assets of $371K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord House Of Charleston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord House Of Charleston Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $121K |
| Surplus / Deficit | +$8K |
| Total Assets | $386K |
| Total Liabilities | $18K |
| Net Assets | $368K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 38.3 months |
Financial Health Grade: A
In 2023, Concord House Of Charleston Inc reported a surplus of $8K with revenue exceeding expenses, holds 38.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Concord House Of Charleston Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | -6.3% | -3.4% |
| 2022 | +16.9% | -12.1% | +2.5% |
| 2021 | -11.1% | +15.3% | -9.0% |
| 2020 | -1.1% | +12.3% | -0.9% |
| 2019 | +10.2% | -4.9% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Concord House Of Charleston Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Concord House Of Charleston Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is a positive sign for a small organization with annual revenues around $100,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Concord House Of Charleston Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Concord House Of Charleston Inc:
- Consistent revenue stream, typically over $100,000 annually.
- Healthy asset-to-liability ratio, indicating strong financial solvency (Assets $386,037 vs. Liabilities $17,736 in 2023).
- No reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
- Stable financial operations over a long period (13 filings).
Frequently Asked Questions about Concord House Of Charleston Inc
Is Concord House Of Charleston Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Concord House Of Charleston Inc (EIN: 141883194) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Concord House Of Charleston Inc spend its money?
Concord House Of Charleston Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concord House Of Charleston Inc tax-deductible?
Concord House Of Charleston Inc is registered as a tax-exempt nonprofit (EIN: 141883194). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Concord House Of Charleston Inc CEO make?
Concord House Of Charleston Inc's highest-compensated officer earns $100,000. annually. The organization reported $114K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Concord House Of Charleston Inc's spending goes to programs?
Concord House Of Charleston Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concord House Of Charleston Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Concord House Of Charleston Inc is above average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concord House Of Charleston Inc located?
Concord House Of Charleston Inc is headquartered in Huntington, West Virginia and files with the IRS under EIN 141883194. It is classified under NTEE code P70.
How many years of IRS 990 filings does Concord House Of Charleston Inc have?
Concord House Of Charleston Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $114K in total revenue.
Is Concord House Of Charleston Inc a good charity?
Based on the available data, Concord House Of Charleston Inc appears to be a financially stable organization with a consistent revenue base and healthy assets. The absence of officer compensation is a strong positive. To fully assess its 'goodness,' more detailed expense breakdowns (program vs. admin/fundraising) would be beneficial, but the current indicators are favorable.
How has the organization's financial health changed over the past few years?
Concord House Of Charleston Inc has shown consistent revenue, fluctuating between approximately $100,000 and $130,000 in recent years (e.g., $128,632 in 2023, $118,466 in 2022). Its assets have slightly decreased from a peak of over $500,000 in 2014-2016 to $386,037 in 2023, but liabilities remain low, indicating continued financial stability.
What is the trend in the organization's assets and liabilities?
The organization's assets have gradually declined from a high of $508,160 in 2014 to $386,037 in 2023. However, liabilities have remained relatively low and stable, ranging from $8,694 to $38,051, indicating that the organization is not accumulating significant debt and maintains a strong net asset position.
Filing History
IRS 990 filing history for Concord House Of Charleston Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Concord House Of Charleston Inc's revenue has grown by 98.1%, moving from $65K to $129K. Total assets decreased by 32% over the same period, from $567K to $386K. Total functional expenses rose by 31%, from $92K to $121K. In its most recent filing year (2023), Concord House Of Charleston Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $18K in liabilities against $386K in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $368K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $121K | $386K | $18K | — | — |
| 2022 | $118K | $129K | $400K | $38K | — | View 990 |
| 2021 | $101K | $147K | $390K | $35K | — | View 990 |
| 2020 | $114K | $127K | $428K | $28K | — | View 990 |
| 2019 | $115K | $114K | $433K | $18K | — | View 990 |
| 2018 | $105K | $119K | $444K | $31K | — | View 990 |
| 2017 | $92K | $134K | $455K | $27K | — | View 990 |
| 2016 | $78K | $102K | $503K | $34K | — | View 990 |
| 2015 | $77K | $90K | $504K | $17K | — | View 990 |
| 2014 | $76K | $86K | $508K | $9K | — | View 990 |
| 2013 | $68K | $79K | $519K | $11K | — | View 990 |
| 2012 | $63K | $83K | $555K | $32K | — | View 990 |
| 2011 | $65K | $92K | $567K | $24K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $121K, and assets of $386K (revenue +8.6% year-over-year).
- 2022: Revenue of $118K, expenses of $129K, and assets of $400K (revenue +16.9% year-over-year).
- 2021: Revenue of $101K, expenses of $147K, and assets of $390K (revenue -11.1% year-over-year).
- 2020: Revenue of $114K, expenses of $127K, and assets of $428K (revenue -1.1% year-over-year).
- 2019: Revenue of $115K, expenses of $114K, and assets of $433K (revenue +10.2% year-over-year).
- 2018: Revenue of $105K, expenses of $119K, and assets of $444K (revenue +14.0% year-over-year).
- 2017: Revenue of $92K, expenses of $134K, and assets of $455K (revenue +17.9% year-over-year).
- 2016: Revenue of $78K, expenses of $102K, and assets of $503K (revenue +0.8% year-over-year).
- 2015: Revenue of $77K, expenses of $90K, and assets of $504K (revenue +1.6% year-over-year).
- 2014: Revenue of $76K, expenses of $86K, and assets of $508K (revenue +11.3% year-over-year).
- 2013: Revenue of $68K, expenses of $79K, and assets of $519K (revenue +8.0% year-over-year).
- 2012: Revenue of $63K, expenses of $83K, and assets of $555K (revenue -2.7% year-over-year).
- 2011: Revenue of $65K, expenses of $92K, and assets of $567K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord House Of Charleston Inc:
Data Sources and Methodology
This transparency report for Concord House Of Charleston Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.