Filipino Chamber of Commerce Ofhawaii Foundation

Analysis

Filipino Chamber of Commerce Ofhawaii Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Filipino Chamber of Commerce Ofhawaii Foundation reported income of $55k and spending of $52k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $24k to $55k (+130%), an average of +130% a year. The sharpest change came in the year to June 2023, when income rose by 130%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Filipino Chamber of Commerce Ofhawaii Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within HI. Charities of a similar size with the same main cause include New Friends of Maricopa County Library District Inc ($55k), New Seales Elementary School PTO ($55k) and Illinois Association of Student Financial Aid Administrators Inc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.