Federal Asian Pacific American Council Fapac

Analysis

Federal Asian Pacific American Council Fapac is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Federal Asian Pacific American Council Fapac reported income of $324k and spending of $312k, spending 96% of its income. Across the 5 years on record, from December 2018 to September 2023, income grew from $254k to $324k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2021, when income rose by 255%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Federal Asian Pacific American Council Fapac sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 36th percentile within DC. Charities of a similar size with the same main cause include Simeon Resource and Development Center for Men Inc ($324k), Bethel Childrens Day Care Center ($324k) and Casa of the Tennessee Valley ($324k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. At year end it held assets of $785k against liabilities of $0, net assets of $785k.