Philippine Center of Minnesota

Analysis

Philippine Center of Minnesota is a registered charity in United States, based in Maplewood, MN. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Philippine Center of Minnesota reported income of $153k and spending of $65k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $32k to $153k (+377%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 195%. Over the whole period it spent 62% 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 Center of Minnesota sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Friends of Lyndon B Johnson ($153k), Appalachian Arts Craft Center Inc ($153k) and Reclam the Bay Inc ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 24% of the total. At year end it held assets of $480k against liabilities of $178k, net assets of $301k.