Philippine Scholars

Analysis

Philippine Scholars is a registered charity in United States, based in Fridley, MN. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Scholars reported income of $148k and spending of $145k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $148k (+1.7%), an average of +1.7% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philippine Scholars sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Happy Valley School Inc ($148k), Sonoma Charter School Fundraising ($148k) and Economic Council of Palm Beach County Foundation Inc ($148k).

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 $33k against liabilities of $0, net assets of $33k.