Api Cultural Center Inc

Analysis

Api Cultural Center Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2023, Api Cultural Center Inc reported income of $1.0m and spending of $723k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $799k to $1.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Api Cultural Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Villarreal Club de Futbol Virginia ($1.0m), Lincoln Park Conservancy ($1.0m) and Southern Lancaster County Community Fair Association ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $94k (13% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.1m against liabilities of $79k, net assets of $995k. It reported 11 employees.