Mutual Assistance Association for the Ethiopian Community Inc

Analysis

Mutual Assistance Association for the Ethiopian Community Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Mutual Assistance Association for the Ethiopian Community Inc reported income of $181k and spending of $165k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $358k to $181k (-49%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mutual Assistance Association for the Ethiopian Community Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within TX. Charities of a similar size with the same main cause include Port Charlotte Pirates Swim Clubinc ($181k), Fox Cities United Soccer Club of Wisconsin Inc ($181k) and Blue Mountain Basketball Officials Association ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $20k (12% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.