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 2024 filing: $594K revenue, $650K expenses, $1.0M total assets. 3 publicly reported grants to this organization, totaling roughly $1.1M, appear in IRS filings.

EIN: 880984307 SILVER SPRING, MD Latest filing: 2024
Total Revenue$594K
Total Expenses$650K
Total Assets$1.0M
Grant Records3
Funding Total$1.1M
Filing Years2022–2024

Mission

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 WELL-BEING. EAF IS AN UNCONSOLIDATED SUBSIDIARY OF HIAS.

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

SECRETARY (UNTIL 12/14/2023) Adina Abramowitz
CHAIR Alicia Wrenn
DIRECTOR (FROM 8/7/2024) Amanda Joseph
TREASURER, (UNTIL 6/9/2024) Bill Abrams
DIRECTOR Greg Mikulka
DIRECTOR Phillip Bailey

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
2024 $594K $650K $1.0M
2023 $704K $188K $599K
2022

Between 2023 and 2024, reported annual revenue declined from $704K to $594K (-16%), with total assets most recently reported at $1.0M.

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

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