Ethiopian and Eritrean Cultural and Resource Center

Analysis

Ethiopian and Eritrean Cultural and Resource Center is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 2018, 8 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, Ethiopian and Eritrean Cultural and Resource Center reported income of $1.7m and spending of $901k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $385k to $1.7m (+345%), an average of +111% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ethiopian and Eritrean Cultural and Resource Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within OR. Charities of a similar size with the same main cause include New Bedford Symphony Orchestra Association Inc ($1.7m), Yale Law Journal Fund Inc ($1.7m) and The H E Art Project ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $386k. At year end it held assets of $934k against liabilities of $0, net assets of $934k. It reported 14 employees.