Early American Industries Association Inc

Analysis

Early American Industries Association Inc is a registered charity in United States, based in Hebron, MD. It received its IRS tax-exemption ruling in October 1950, 76 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Early American Industries Association Inc reported income of $141k and spending of $177k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $271k to $141k (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 74%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Early American Industries Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Little League Baseball Inc ($141k), Sigma Nu Alumni Scholarship Fund ($141k) and On Our Own of Prince Georges County Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 25% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.7m against liabilities of $45k, net assets of $1.6m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.