Filipino American Community Anddevelopment Center of Ocean County

Analysis

Filipino American Community Anddevelopment Center of Ocean County is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in September 2007, 19 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 December 2023, Filipino American Community Anddevelopment Center of Ocean County reported income of $75k and spending of $66k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $92k to $75k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Filipino American Community Anddevelopment Center of Ocean County sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Family Enterprising Inc ($75k), Pearce Family Foundation ($75k) and Friends of the Kankakee ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $532k against liabilities of $2,400, net assets of $530k.