Filipo American Cultural Organization

Analysis

Filipo American Cultural Organization is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in September 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, Filipo American Cultural Organization reported income of $108k and spending of $114k, spending 106% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $35k to $108k (+211%), an average of +76% a year. The sharpest change came in the year to December 2022, when income rose by 217%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Filipo American Cultural Organization sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Weavers Guild of Greater Cincinnati Inc ($108k), Warren County Educational Foundation ($108k) and North Texas Council of Railroad Clubs ($108k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2,500. At year end it held assets of $77k against liabilities of $0, net assets of $77k.