Friends of Refugees of Eastern Europe Inc

Analysis

Friends of Refugees of Eastern Europe Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of Refugees of Eastern Europe Inc reported income of $2.1m and spending of $1.8m, spending 84% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $1.1m to $2.1m (+96%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 76%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Refugees of Eastern Europe Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Marquardt Village Inc ($2.1m), Childrens Home Foundation Inc ($2.1m) and Agape Community Outreach ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $54k (3.0% of expenses). Other salaries and wages came to $392k. At year end it held assets of $2.7m against liabilities of $634k, net assets of $2.1m. It reported 11 employees.