Council of United Filipino Organizations of Tidewater Virgini

Analysis

Council of United Filipino Organizations of Tidewater Virgini is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 2024, 2 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2023, Council of United Filipino Organizations of Tidewater Virgini reported income of $97k and spending of $97k, spending 100% of its income. Across the 5 years on record, from January 2019 to January 2023, income fell from $252k to $97k (-61%), an average of -21% a year. The sharpest change came in the year to January 2023, when income rose by 252%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Council of United Filipino Organizations of Tidewater Virgini sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Oakes Ames Memorial Hall Association ($97k), Breathe Ink ($97k) and Greater Wilmington Sports Hall of Fame Inc ($97k).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. At year end it held assets of $787k against liabilities of $86k, net assets of $702k.