Filipino Community Inc

Analysis

Filipino Community Inc is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in April 1994, 32 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, Filipino Community Inc reported income of $355k and spending of $206k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $355k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Filipino Community Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within AK. Charities of a similar size with the same main cause include Stage Center ($355k), Taylor Community Library Association ($355k) and Salt Ministries ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% of the total. Compensation of current officers, directors and key employees was $13k (6.3% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.0m against liabilities of $13k, net assets of $988k. It reported 21 employees.