Little Manila Foundation
Little Manila Foundation experiences rapid revenue and asset growth with no reported officer compensation.
EIN: 202661354 · Stockton, CA · NTEE: A23 · Updated: 2026-03-28
Is Little Manila Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little Manila Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little Manila Foundation
Little Manila Foundation (EIN: 202661354) is a nonprofit organization based in Stockton, CA, classified under NTEE code A23. The organization reported total revenue of $5.6M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Manila Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Manila Foundation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 51.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$5.6M |
| Total Assets | $8.5M |
| Total Liabilities | $572K |
| Net Assets | $8.0M |
| Operating Margin | 65.9% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 35.4 months |
Financial Health Grade: A
In 2023, Little Manila Foundation reported a surplus of $5.6M with revenue exceeding expenses, holds 35.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Little Manila Foundation's revenue has grown at a compound annual growth rate (CAGR) of 51.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +190.9% | +11.7% | +261.7% |
| 2022 | +136.0% | +163.1% | +143.1% |
| 2021 | +107.0% | +169.8% | +253.1% |
| 2020 | +288.3% | +107.2% | +557.3% |
| 2019 | +23.9% | +9.1% | -35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Little Manila Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Little Manila Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with revenue exceeding $8.5 million and suggests a volunteer-led executive team or that compensation is covered by other means, significantly reducing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Little Manila Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in summary data prevents precise program efficiency calculation.
Strengths
The following positive indicators were identified for Little Manila Foundation:
- Exceptional revenue growth, from $78,384 in 201512 to $8,507,473 in 202312.
- Significant asset accumulation, reaching $8,540,731 in 202312.
- 0% officer compensation reported across all filings, indicating high efficiency and low administrative overhead.
- Consistent IRS 990 filing history (14 filings) demonstrates transparency and compliance.
- Strong financial surplus in the latest period (202312), with revenue significantly exceeding expenses.
Frequently Asked Questions about Little Manila Foundation
Is Little Manila Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Little Manila Foundation (EIN: 202661354) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Little Manila Foundation spend its money?
Little Manila Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Little Manila Foundation tax-deductible?
Little Manila Foundation is registered as a tax-exempt nonprofit (EIN: 202661354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Little Manila Foundation a good charity?
Based on the provided financial data, Little Manila Foundation appears to be a very good charity. It demonstrates strong financial growth, significant asset accumulation, and a remarkable commitment to minimizing executive overhead with 0% officer compensation reported across all filings.
How has Little Manila Foundation's financial health changed over time?
The organization has experienced explosive growth, with revenue increasing from $78,384 in 201512 to $8,507,473 in 202312, and assets growing from $34,983 to $8,540,731 over the same period. This indicates a rapidly expanding and financially strengthening organization.
What is the organization's approach to executive compensation?
The Little Manila Foundation reports 0% officer compensation in all available filings, suggesting a highly volunteer-driven leadership or that executive salaries are covered by external sources, which is a strong indicator of efficiency.
Filing History
IRS 990 filing history for Little Manila Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Little Manila Foundation's revenue has grown by 21062.9%, moving from $40K to $8.5M. Total assets increased by 32555.5% over the same period, from $26K to $8.5M. Total functional expenses rose by 8957.8%, from $32K to $2.9M. In its most recent filing year (2023), Little Manila Foundation reported a surplus of $5.6M, with revenue exceeding expenses. The organization holds $572K in liabilities against $8.5M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $2.9M | $8.5M | $572K | — | — |
| 2022 | $2.9M | $2.6M | $2.4M | $1.5M | — | View 990 |
| 2021 | $1.2M | $986K | $971K | $465K | — | View 990 |
| 2020 | $599K | $365K | $275K | $0 | — | View 990 |
| 2019 | $154K | $176K | $42K | $0 | — | View 990 |
| 2018 | $124K | $162K | $65K | $0 | — | View 990 |
| 2017 | $157K | $134K | $103K | $0 | — | View 990 |
| 2016 | $123K | $86K | $73K | $0 | — | View 990 |
| 2015 | $78K | $78K | $35K | $0 | — | View 990 |
| 2014 | $86K | $88K | $35K | $0 | — | View 990 |
| 2013 | $70K | $75K | $36K | $0 | — | View 990 |
| 2012 | $34K | $21K | $43K | $0 | — | View 990 |
| 2011 | $34K | $25K | $34K | $0 | — | View 990 |
| 2010 | $40K | $32K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $2.9M, and assets of $8.5M (revenue +190.9% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.6M, and assets of $2.4M (revenue +136.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $986K, and assets of $971K (revenue +107.0% year-over-year).
- 2020: Revenue of $599K, expenses of $365K, and assets of $275K (revenue +288.3% year-over-year).
- 2019: Revenue of $154K, expenses of $176K, and assets of $42K (revenue +23.9% year-over-year).
- 2018: Revenue of $124K, expenses of $162K, and assets of $65K (revenue -20.7% year-over-year).
- 2017: Revenue of $157K, expenses of $134K, and assets of $103K (revenue +27.3% year-over-year).
- 2016: Revenue of $123K, expenses of $86K, and assets of $73K (revenue +57.2% year-over-year).
- 2015: Revenue of $78K, expenses of $78K, and assets of $35K (revenue -9.2% year-over-year).
- 2014: Revenue of $86K, expenses of $88K, and assets of $35K (revenue +23.4% year-over-year).
- 2013: Revenue of $70K, expenses of $75K, and assets of $36K (revenue +106.9% year-over-year).
- 2012: Revenue of $34K, expenses of $21K, and assets of $43K (revenue +0.8% year-over-year).
- 2011: Revenue of $34K, expenses of $25K, and assets of $34K (revenue -16.5% year-over-year).
- 2010: Revenue of $40K, expenses of $32K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Manila Foundation:
Data Sources and Methodology
This transparency report for Little Manila Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.