Federation of Croatian Societies Inc

Analysis

Federation of Croatian Societies Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Federation of Croatian Societies Inc reported income of $582k and spending of $189k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $20k to $582k (+2751%), an average of +131% a year. The sharpest change came in the year to December 2021, when income rose by 13862%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Federation of Croatian Societies Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include War Veterans Memorial Shrine of American History Inc ($582k), Balzekas Museum of Lithuanian Culture ($582k) and Historic Trappe ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 51% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.