Filipino American Association of Kitsap County

Analysis

Filipino American Association of Kitsap County is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 American Association of Kitsap County reported income of $82k and spending of $77k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $223k to $82k (-63%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Filipino American Association of Kitsap County sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Potosi Elks Lodge 2218 Christmas Charity ($82k), Maya Center for Rural Education and Well-Being Association ($82k) and Meant 2 Live Foundation ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $701k against liabilities of $260k, net assets of $441k.