Eau Claire Area Hmong Mutual Assist Association Inc

Analysis

Eau Claire Area Hmong Mutual Assist Association Inc is a registered charity in United States, based in Eau Claire, WI. It received its IRS tax-exemption ruling in February 1989, 37 years ago. 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, Eau Claire Area Hmong Mutual Assist Association Inc reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $834k to $1.4m (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eau Claire Area Hmong Mutual Assist Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within WI. Charities of a similar size with the same main cause include Bright Promise ($1.4m), St Joseph Education Foundation ($1.4m) and South East Livingston County Ambulance Service Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $499k. At year end it held assets of $2.7m against liabilities of $1.7m, net assets of $994k. It reported 13 employees.