American Pacific Financial Services Corp Apfsc

Analysis

American Pacific Financial Services Corp Apfsc is a registered charity in United States, based in Rcho Sta Marg, CA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Pacific Financial Services Corp Apfsc reported income of $952k and spending of $899k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $952k (+416%), an average of +416% a year. The sharpest change came in the year to December 2023, when income rose by 416%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Pacific Financial Services Corp Apfsc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Chinese Consolidated Benevolent Association ($952k), Helping Hand Outreach Services Inc ($952k) and Fairfield County Council on Aging 321 Bypass ($952k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $59k. At year end it held assets of $148k against liabilities of $28k, net assets of $120k. It reported 5 employees.