Philippine Cultural Foundation Inc

Analysis

Philippine Cultural Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in July 1995, 31 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 April 2024, Philippine Cultural Foundation Inc reported income of $516k and spending of $486k, spending 94% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $197k to $516k (+162%), an average of +27% a year. The sharpest change came in the year to April 2022, when income rose by 223%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Philippine Cultural Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Black Hills Community Theatre Inc ($516k), Peridance Ensemble Ltd ($516k) and Harvard Gay & Lesbian Review Inc ($516k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 7.5% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $71k (15% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.4m against liabilities of $179k, net assets of $1.2m. It reported 4 employees.