Center for Pan Asian Community Services Inc

Analysis

Center for Pan Asian Community Services Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 June 2023, Center for Pan Asian Community Services Inc reported income of $8.1m and spending of $10.6m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.4m to $8.1m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2023, when income dropped by 46%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Pan Asian Community Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Childrens Arts & Sciences Workshop Inc ($8.1m), National Committee for the Furtherance of Jewish Ed ($8.1m) and Texas 2036 ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $499k (4.7% of expenses). Other salaries and wages came to $4.9m. It paid $16k in professional fundraising fees. At year end it held assets of $7.6m against liabilities of $1.3m, net assets of $6.3m. It reported 296 employees.