Little Manila Foundation

Analysis

Little Manila Foundation is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in April 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Manila Foundation reported income of $8.5m and spending of $2.9m, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $599k to $8.5m (+1321%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 191%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Little Manila Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include James Dick Foundation for the Performing Arts ($8.5m), S U Theatre Corporation ($8.5m) and Wisconsin History Foundation Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (3.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.5m against liabilities of $572k, net assets of $8.0m. It reported 75 employees.