Public Charity

HIAS ECONOMIC ADVANCEMENT FUND INC

HIAS ECONOMIC ADVANCEMENT FUND INC is a Public Charity headquartered in SILVER SPRING, MD. Financial data from the 2025 filing: $1.1M revenue, $752K expenses, $1.7M total assets. 3 publicly reported grants to this organization, totaling roughly $1.1M, appear in IRS filings.

EIN: 880984307 SILVER SPRING, MD Urban & Community Economic Development NTEE: S31 Latest filing: 2025
Total Revenue$1.1M
Total Expenses$752K
Total Assets$1.7M
Grant Records3
Funding Total$1.1M
Filing Years2022–2025

Mission

"HIAS ECONOMIC ADVANCEMENT FUND, INC. IS AN UNCONSOLIDATED SUBSIDIARY OF HIAS, INC. EAF MEETS THE FINANCIAL NEEDS OF LOW-INCOME INDIVIDUALS, INCLUDING REFUGEES, THEIR FAMILIES, AND THEIR COMMUNITIES BY PROVIDING ACCESS TO FINANCIAL PRODUCTS AND SERVICES THAT PROMOTE ECONOMIC OPPORTUNITY AND FINANCIAL WELL-BEING.

Sample Grants Received

2024
CHARITABLE GIFT
$54,000
2023
FINANCIAL ASSISTANCE TO ENTREPRENEURS REFUGEES & GENERAL SUPPORT
$601,924
2023
FINANCIAL ASSISTANCE TO ENTREPRENEURS REFUGEES
$442,920

Showing up to 5 of 3 total records — full history available with membership.

Officers & Directors

CHAIRPERSON (END 03/11/2025) Alicia Wrenn
DIRECTOR Amanda Joseph
DIRECTOR, (FROM 02/13/2025) Barbara Eckblad
TREASURER Greg Mikulka
EXECUTIVE DIRECTOR Phillip Bailey
CHAIRPERSON (FROM 03/11/2025) Tamra Thetford

Officer compensation and complete director data available with membership.

Top Grant Purposes

FINANCIAL ASSISTANCE TO ENTREPRENEURS REFUGEES & GENERAL SUPPORT
$601,924 1 grant
FINANCIAL ASSISTANCE TO ENTREPRENEURS REFUGEES
$442,920 1 grant
CHARITABLE GIFT
$54,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $1.1M $752K $1.7M
2024 $594K $650K $1.0M
2023 $704K $188K $599K
2022

Between 2023 and 2025, reported annual revenue grew from $704K to $1.1M (+62%), with total assets most recently reported at $1.7M.

Interactive year-over-year charts and full filing details available with membership.

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