Philippine-American Education Foundation

Analysis

Philippine-American Education Foundation is a registered charity in United States, based in Philippines. It received its IRS tax-exemption ruling in September 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending September 2023, Philippine-American Education Foundation reported income of $1.9m and spending of $2.0m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $1.9m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to September 2022, when income rose by 66%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philippine-American Education Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile. Charities of a similar size with the same main cause include Foster Care Review Inc ($1.9m), Blue Ridge Chapel Inc ($1.9m) and Metro Community Ministries ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $188k. At year end it held assets of $7.3m against liabilities of $977k, net assets of $6.3m.