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Virginia · Nonprofit
The Concord Fund (Virginia) is funded by 8 grantmakers whose IRS filings report $189,625,000 in grants to it, the largest being Marble Freedom Trust ($161,350,000). 2 of them have funded it in more than one year.
Revenue, expenses and net assets — each indexed to 100 at its first filing year, so you read the trajectory, not the magnitude.
The funding model — what share of revenue comes from contributions, programs, investments and other sources — and whether it's shifting.
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 4 reported years ran a deficit.
The base broadened — 1 funders to 2 as grant income moved $3.0M → $61M.
From the IRS filings of The Concord Fund’s funders (the co-funder graph). Association, not causation.
The Concord Fund leans on a few funders — its largest provides 85% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2019 100% · 2020 97% · 2021 85% · 2022 100% · 2023 100% · 2024 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration.
17% of The Concord Fund's funders are still giving 3 years after their first grant; 25% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year.
The Concord Fund draws 85% of its grant income from funders outside Virginia — its reputation reaches beyond the state, across 6 states in all.
In-state vs out-of-state, by year
Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.
From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.
Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.
Read directly from this organization’s own Form 990, as neutral context.
98% of spending goes to programs.
Every figure is read directly from IRS Form 990 / 990-PF e-file XML — this organization’s own return for FY2023 (financials across 2019–2023), and the filings of 8funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. view filing