Coalition of Asian Pacifics in Entertainment Foundation Inc

Analysis

Coalition of Asian Pacifics in Entertainment Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coalition of Asian Pacifics in Entertainment Foundation Inc reported income of $1.4m and spending of $697k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $1.4m (+420%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coalition of Asian Pacifics in Entertainment Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Eichelberger Performing Arts Center ($1.4m), Marin Ballet ($1.4m) and Cara Mia Theatre Co ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Other salaries and wages came to $278k. At year end it held assets of $1.9m against liabilities of $4,350, net assets of $1.9m. It reported 4 employees.