Filipino & American Community of Puget Sound Inc

Analysis

Filipino & American Community of Puget Sound Inc is a registered charity in United States, based in Algona, WA. It received its IRS tax-exemption ruling in November 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Filipino & American Community of Puget Sound Inc reported income of $79k and spending of $76k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $105k to $79k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Filipino & American Community of Puget Sound Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 26th percentile within WA. Charities of a similar size with the same main cause include California Autoharp Gathering Cag Foundation ($79k), Oswego Historical Society ($79k) and Force Band Aides ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.