European Initiative

Analysis

European Initiative is a registered charity in United States, based in Colleyville, TX. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Initiative reported income of $1000k and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $959k to $1000k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, European Initiative sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include L & D 1368 Inc ($1000k), Hillel the Foundation for Jewish Campus Life ($1000k) and Bat Nha Meditation Institute of America ($999k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $119k (11% of expenses). Other salaries and wages came to $279k. At year end it held assets of $403k against liabilities of $43k, net assets of $360k. It reported 13 employees.