European American Association

Analysis

European American Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, European American Association reported income of $18.7m and spending of $16.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.9m to $18.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, European American Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Beverwyck Inc ($18.7m), Covenant Living of the Great Lakes ($18.7m) and Air Force Enlisted Village Inc ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $167k (1.0% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $22.6m against liabilities of $830k, net assets of $21.8m. It reported 696 employees.