Philippine-American Friendship Community Inc

Analysis

Philippine-American Friendship Community Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in May 1995, 31 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, Philippine-American Friendship Community Inc reported income of $194k and spending of $168k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $194k (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 268%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philippine-American Friendship Community Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Rourke Art Gallery Museum ($194k), Beloit Janesville Symphony Orchestra Inc ($194k) and Tennessee Williams Theatre Company of New Orleans ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.