Bayanihan Equity Center

Analysis

Bayanihan Equity Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Bayanihan Equity Center reported income of $889k and spending of $915k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $568k to $889k (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bayanihan Equity Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Concord Coalition Corp ($889k), Gammon Theological Seminary ($889k) and Springfield Ambulance Corps Delco Delaware County ($889k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (9.6% of expenses). Other salaries and wages came to $286k. At year end it held assets of $651k against liabilities of $15k, net assets of $636k. It reported 8 employees.