Precision Development Inc

Analysis

Precision Development Inc is a registered charity in United States, based in Newton HLDS, MA. It received its IRS tax-exemption ruling in July 2016, 10 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, Precision Development Inc reported income of $6.2m and spending of $5.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $6.2m (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Precision Development Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Committee for Accuracy in Middle East Reporting in America Inc ($6.2m), Nudge Foundation ($6.2m) and Rural California Broadcasting Corp Krcb-Tv Channel 22 ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $440k (8.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.2m against liabilities of $170k, net assets of $3.0m. It reported 14 employees.