Eastern American Economic

Community development organization based in Palisades Park, NJ. 3 employees. Exempt under §501(c)(3).

MissionTHE SPECIFIC PURPOSE OF THIS CORPORATION SHALL BE TO FOSTER ECONOMIC DEVELOPMENT, CREATE OR PRESERVE JOB AND EDUCATION OPPORTUNITIES, TRAIN, STIMULATE GROWTH, EXPANSION AND MODERNIZATIN OF SMALL BUSINESSES.

Financial snapshot · TY 2024

$407K
Total revenue
$560K
Total expenses
$1.1M
Net assets

Financial health · TY 2024

81
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
19.6 months of expenses
Program efficiency
92
86.7% spent on programs
Revenue diversity
22
Mix of program fees, grants & contributions

Leadership compensation

Kwon H Jung
PRESIDENT
$98,670
75th percentile vs. peers

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Eastern American Economic Executive Compensation | 990 Data | DoubleNine