Asian Pacific Development Center of Colorado

Analysis

Asian Pacific Development Center of Colorado is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Asian Pacific Development Center of Colorado reported income of $3.4m and spending of $4.9m, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.4m (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asian Pacific Development Center of Colorado sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Raphael House of San Francisco Inc ($3.4m), Hoping Hearts Foundation Inc ($3.4m) and Vivint Gives Back ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $159k (3.3% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $3.3m against liabilities of $5.3m, net assets of -$2.1m. It reported 79 employees.