Maryland · Nonprofit
HIAS ECONOMIC ADVANCEMENT FUND INC
HIAS ECONOMIC ADVANCEMENT FUND INC (Maryland) receives grants from 4 organizations whose IRS filings report $2,083,844 to it, the largest being HIAS INC ($1,829,844). 1 of them have funded it in more than one year.
- Revenue FY2025
- $1.1M
- Funders on record
- 4
- Grants received
- $2.1M
- Net assets
- $850k
What Hias Economic Advancement Fund Inc does
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.
As stated on its FY2025 Form 990.
Program
Eaf assisted 205 entrepreneurs and disbursed 36 microenterprise loans in 2025, complemented by technical assistance delivered through partnerships with community organizations. Through these partnerships, borrowers receive business counseling, financial and credit education, and access to capital through eaf. Loan products are designed for low-income individuals, including refugees and immigrants, with little or no credit history, who are unable to access mainstream financial institutions. In 2024, eaf served entrepreneurs in 18 cities across five states, with loans averaging $10,852. Survey analysis shows strong outcomes: 86% of businesses remain active since receiving a loan, borrower households report income gains of more than $1,000 per month, and 99% would recommend eaf to others.
$528,120 spentof which $47,800 as grants$66,007 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $528,120.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $1.0M to $1.7M (+64%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2023 18% · 2024 52% · 2025 35%. Grants only. Government contracts and fees sit inside program revenue.
94% of HIAS ECONOMIC ADVANCEMENT FUND INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Phillip Bailey
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of HIAS ECONOMIC ADVANCEMENT FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HIAS ECONOMIC ADVANCEMENT FUND INC leans on a few funders — its largest provides 88% of grant income and the top three 97%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
90% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HIAS ECONOMIC ADVANCEMENT FUND INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
88% of HIAS ECONOMIC ADVANCEMENT FUND INC's grant income comes from Maryland funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HIAS ECONOMIC ADVANCEMENT FUND INC runs a healthier operating margin than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding HIAS ECONOMIC ADVANCEMENT FUND INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $425k on record.
- Department of the Treasury$425k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like HIAS ECONOMIC ADVANCEMENT FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
70% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for HIAS ECONOMIC ADVANCEMENT FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HIAS ECONOMIC ADVANCEMENT FUND INC?
- HIAS ECONOMIC ADVANCEMENT FUND INC (Maryland) receives grants from 4 organizations whose IRS filings report $2,083,844 to it, the largest being HIAS INC ($1,829,844). 1 of them have funded it in more than one year.
- How many funders does HIAS ECONOMIC ADVANCEMENT FUND INC have?
- IRS filings report 4 organizations giving $2,083,844 in grants to HIAS ECONOMIC ADVANCEMENT FUND INC, 1 of which have funded it in more than one year.
- Who is the largest funder of HIAS ECONOMIC ADVANCEMENT FUND INC?
- HIAS INC is the largest funder on record, with $1,829,844 in grants. The full list of funders is on this page.
- How can an organization like HIAS ECONOMIC ADVANCEMENT FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Hias Economic Advancement →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2023–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing