Philippine Community Center Inc

Analysis

Philippine Community Center Inc is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Philippine Community Center Inc reported income of $65k and spending of $39k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,383 to $65k (+780%), an average of +780% a year. The sharpest change came in the year to December 2023, when income rose by 780%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philippine Community Center Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include Peoria Area Roofers Joint Apprenticeship & Training Fund ($65k), Pasadena Vocal Competition ($65k) and Thomas Tucker Taranto Memorial Scholarship Fund ($65k).

At year end it held assets of $259k against liabilities of $9,649, net assets of $249k.