Cultural Society of Filipino-Americans

Analysis

Cultural Society of Filipino-Americans is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in December 1962, 64 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cultural Society of Filipino-Americans reported income of $52k and spending of $43k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $52k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Society of Filipino-Americans sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Compassionate Artists ($52k), Cowgirls of the West ($52k) and Syn Shop ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. At year end it held assets of $65k against liabilities of $0, net assets of $65k.