Search to Involve Pilipino Americans
Analysis
Search to Involve Pilipino Americans is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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, Search to Involve Pilipino Americans reported income of $4.0m and spending of $2.1m, leaving 48% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $4.0m (+119%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 252%. Over the whole period it spent 57% of the income it received.
Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Search to Involve Pilipino Americans sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include E-Tron Systems Inc ($4.0m), William M Singerly Steam Fire ($4.0m) and Scottdale Early Learning Inc ($4.0m).
On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $159k (7.7% of expenses). Other salaries and wages came to $795k. At year end it held assets of $3.4m against liabilities of $593k, net assets of $2.9m. It reported 16 employees.
Income and spending
Where the income comes from
- Contributions & grants 84%
- Program services 16%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| E-Tron Systems Inc | Lorton | $4.0m |
| William M Singerly Steam Fire | Elkton | $4.0m |
| Scottdale Early Learning Inc | Scottdale | $4.0m |
| Grolier Club of the City of New York | New York | $4.0m |