Ethio-Eder

Analysis

Ethio-Eder is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ethio-Eder reported income of $115k and spending of $22k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $115k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 25% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ethio-Eder sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include MX Servelead International ($115k), Global Golf ($115k) and Illinois Center for Jewish Studies Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $204k, net assets of $815k.