New World Association of Emmigrants From Eastern Europe Inc

Analysis

New World Association of Emmigrants From Eastern Europe Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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 June 2023, New World Association of Emmigrants From Eastern Europe Inc reported income of $509k and spending of $512k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $268k to $509k (+90%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New World Association of Emmigrants From Eastern Europe Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include National Association of Wheat Growers Foundation Inc ($509k), Brave Warrior Project ($509k) and Beaches Council on Aging Inc ($509k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $46k (8.9% of expenses). Other salaries and wages came to $275k. At year end it held assets of $250k against liabilities of $1,662, net assets of $248k. It reported 18 employees.