Iskwelahang Pilipino Inc

Analysis

Iskwelahang Pilipino Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Iskwelahang Pilipino Inc reported income of $110k and spending of $72k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $18k to $110k (+522%), an average of +522% a year. The sharpest change came in the year to June 2023, when income rose by 522%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iskwelahang Pilipino Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Heritage Military Music Foundation Inc ($110k), SLTCC Landmark Friends Inc ($110k) and West Suburban Symphony Society ($110k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 48% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.