Asian Pacific Islander Cultural Center

Analysis

Asian Pacific Islander Cultural Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Asian Pacific Islander Cultural Center reported income of $557k and spending of $547k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $418k to $557k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asian Pacific Islander Cultural Center sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Donauschwabens German American Cultural Center Inc ($557k), Shelby County Arts Council ($557k) and Audacity Performing Arts Project Inc ($557k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $41k (7.5% of expenses). Other salaries and wages came to $76k. At year end it held assets of $534k against liabilities of $398k, net assets of $136k. It reported 4 employees.