We Build Concord

Analysis

We Build Concord is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, We Build Concord reported income of $4.5m and spending of $525k, leaving 88% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.0m to $4.5m (+349%), an average of +112% a year. The sharpest change came in the year to June 2023, when income rose by 779%. Over the whole period it spent 8.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, We Build Concord sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include A Better Way Ministries Inc ($4.5m), Columbia Cascade Housing Corporation ($4.5m) and Haven of Rest Ministries Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Other salaries and wages came to $133k. At year end it held assets of $13.5m against liabilities of $25k, net assets of $13.4m. It reported 1 employees.