Be Concerned Inc

Analysis

Be Concerned Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Be Concerned Inc reported income of $1.7m and spending of $1.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $892k to $1.7m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Be Concerned Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Adirondack Mennonite Retirement Community Inc ($1.7m), Capital Centers of Virginia ($1.7m) and Citileaf Housing Development Fund Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 7.1% of the total. Other salaries and wages came to $477k. At year end it held assets of $2.0m against liabilities of $168k, net assets of $1.8m. It reported 12 employees.