Asian Pacific Community Fund of Southern California

Analysis

Asian Pacific Community Fund of Southern California is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover unknown, 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 December 2023, Asian Pacific Community Fund of Southern California reported income of $5.4m and spending of $4.1m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.4m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 263%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Asian Pacific Community Fund of Southern California sits at the 92nd percentile: it is larger than about 92% 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 United Way of York County ($5.4m), Michigan Health Council ($5.4m) and Cha Foundation ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $187k (4.5% of expenses). Other salaries and wages came to $300k. At year end it held assets of $29.0m against liabilities of $193k, net assets of $28.8m. It reported 10 employees.