Filipino American Association of Pensacola Inc

Analysis

Filipino American Association of Pensacola Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in November 2014, 12 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 December 2023, Filipino American Association of Pensacola Inc reported income of $92k and spending of $92k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.1m to $92k (-91%), an average of -56% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 25% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Filipino American Association of Pensacola Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Alpine Community Theater ($92k), Foundry Theater Inc ($92k) and Tennessee Stage Company ($92k).

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 $1.3m against liabilities of $0, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.