Philippine American Society of Colorado

Analysis

Philippine American Society of Colorado is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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, Philippine American Society of Colorado reported income of $69k and spending of $70k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $69k (+11%), an average of +11% a year. Over the whole period it spent 150% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Philippine American Society of Colorado sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include American Marketing Association Inc ($69k), West Newbury PTO ($69k) and Ag Health and Safety Alliance ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 46% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.