Center for the Pacific Asian Family Inc

Analysis

Center for the Pacific Asian Family Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Center for the Pacific Asian Family Inc reported income of $5.2m and spending of $5.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.2m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center for the Pacific Asian Family Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Muhlenberg Community Housing Development Fund Corporation ($5.2m), Community Housing Development Association Inc ($5.2m) and Threshold Residential Services Inc ($5.2m).

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 $416k (7.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.4m against liabilities of $545k, net assets of $5.9m. It reported 64 employees.