Filipino Community Center of Charleston South Carolina

Analysis

Filipino Community Center of Charleston South Carolina is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Filipino Community Center of Charleston South Carolina reported income of $116k and spending of $58k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $79k to $116k (+47%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Filipino Community Center of Charleston South Carolina sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Rochester Boat Club Inc ($116k), Cabrillo Beach Youth Sailing Club ($116k) and Patterson Park Youth Baseball Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $591k against liabilities of $59k, net assets of $533k.