American Aid Society of German Descendants

Analysis

American Aid Society of German Descendants is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1940, 86 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, American Aid Society of German Descendants reported income of $191k and spending of $213k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $191k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Aid Society of German Descendants sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Collier Resource Center Inc ($191k), Journey Grand Rapids ($191k) and Community Connections of Moniteau County Inc ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $322k against liabilities of $0, net assets of $322k.