Ethiopian Community Association of Chicago Inc

Analysis

Ethiopian Community Association of Chicago Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2023, Ethiopian Community Association of Chicago Inc reported income of $3.7m and spending of $3.1m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $883k to $3.7m (+314%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 290%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ethiopian Community Association of Chicago Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Tillamook County Family Young Mens Christian Association ($3.7m), Ronald McDonald House Charities of New England Inc ($3.7m) and Racine County Opportunity Center Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $95k (3.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.2m against liabilities of $597k, net assets of $1.6m. It reported 34 employees.