Bosnian Educational and Cultural Center of America

Analysis

Bosnian Educational and Cultural Center of America is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bosnian Educational and Cultural Center of America reported income of $2.0m and spending of $855k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bosnian Educational and Cultural Center of America sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include St Francis Mission ($2.0m), MCGP Foundation Inc ($2.0m) and Z Ministries ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $56k (6.6% of expenses). At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m. It reported 1 employees.