Philippine Independence Day Council Inc

Analysis

Philippine Independence Day Council Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Philippine Independence Day Council Inc reported income of $248k and spending of $241k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $145k to $248k (+70%), an average of +14% a year. The sharpest change came in the year to September 2022, when income rose by 624%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Philippine Independence Day Council Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Partners 4 Hope Tanzania ($248k), Women Empowerment Coalition of NYC ($248k) and Korean American Senior Citizens Association of NJ Inc ($248k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. At year end it held assets of $69k against liabilities of $58k, net assets of $12k.