Croatian American Society

Analysis

Croatian American Society is a registered charity in United States, based in Belle Chasse, LA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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, Croatian American Society reported income of $2.3m and spending of $378k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.3m (+90%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 394%. Over the whole period it spent 15% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Croatian American Society sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within LA. Charities of a similar size with the same main cause include National Alliance on Mental Illness Greater Los Angeles Area Nami Glac ($2.3m), United Way of Pickens County ($2.3m) and Sullins Academy Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $7.2m against liabilities of $1.8m, net assets of $5.5m.