Philippine-Asian Missions Inc

Analysis

Philippine-Asian Missions Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in February 1984, 42 years ago. 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-Asian Missions Inc reported income of $87k and spending of $82k, spending 94% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $75k to $87k (+16%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philippine-Asian Missions Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within MN. Charities of a similar size with the same main cause include St Catherine Hospital Development Foundation ($87k), Lassen Park Foundation ($87k) and New Arts and Sciences Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.