Concern Worldwide U S Inc

Analysis

Concern Worldwide U S Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1993, 33 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), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Concern Worldwide U S Inc reported income of $84.0m and spending of $85.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.9m to $84.0m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Concern Worldwide U S Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Oxfam-America Inc ($83.1m), American Friends of the Hebrew University Inc ($84.4m) and Alight ($81.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $596k (0.7% of expenses). Other salaries and wages came to $4.7m. It paid $323k in professional fundraising fees. At year end it held assets of $37.4m against liabilities of $24.2m, net assets of $13.3m. It reported 72 employees.