PHILIPPINE CULTURAL & CIVIC CENTER FOUNDATION INC
Mission Statement
As citizens of this community, we have partaken of its material and spiritual wealth. Through its benevolence, we have shared with its greatness and now enjoy a way of life that allows us to help alleviate the sufferings of this largely impoverished and troubled world. Therefore we, Filipino-Americans and our friends of this community, have established the Philippine Cultural and Civic Center Foundation, Inc. We hope to bring to the American consciousness the richness of our background, as well as the significance of our contributions to this country. In addition, we also aim to provide services of a civic nature, which would otherwise be difficult or too costly for some people to obtain. Above all, it is our fervent hope that through this foundation, we will help raise generations of citizens who will continue to contribute to the greatness of America and help mold its moral conscience.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.7% | 82.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.3% | 14.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
37.7 mo | 9.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.3% | 79.8% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-18.4% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-7.8% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
1.3% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $164K | $162K | $507K | 89.7% | 0 |
| 2023 | $201K | $175K | $502K | 80.6% | 0 |
| 2022 | $142K | $158K | $476K | 83.2% | — |
| 2021 | $106K | $117K | $494K | 81.7% | — |
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