Economic Awareness Council

Analysis

Economic Awareness Council is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Economic Awareness Council reported income of $564k and spending of $459k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $564k (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Economic Awareness Council 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 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include National Indian Head Start Directors Association ($564k), Alabama Association of Independent Colleges and Universities ($565k) and Chesapeake Therapeutic Riding Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $104k (23% of expenses). At year end it held assets of $509k against liabilities of $17k, net assets of $492k. It reported 6 employees.