Slovak American Charitable Association

Analysis

Slovak American Charitable Association is a registered charity in United States, based in Coal City, IL. It received its IRS tax-exemption ruling in December 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Slovak American Charitable Association reported income of $473k and spending of $2.3m, spending 476% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $14.4m to $473k (-97%), an average of -57% a year. The sharpest change came in the year to October 2023, when income dropped by 97%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Slovak American Charitable Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include A Community Pregnancy Center ($473k), Aging Grace Community Center Inc ($473k) and Hope Diamond Services Inc ($473k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $1.0m against liabilities of $15k, net assets of $1.0m.

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.