Concentric Development Inc

Analysis

Concentric Development Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in July 2012, 14 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, Concentric Development Inc reported income of $382k and spending of $414k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $382k (+116%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 198%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Concentric Development Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Kendi Foundation Incorporated ($381k), Mercy Force International ($382k) and Global Missions Foundation Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $263k (63% of expenses). At year end it held assets of $264k against liabilities of $4,520, net assets of $260k. It reported 1 employees.