Instead, the POC supports its own activities with funds generated from sponsorships, licensing fees on the use of the Olympic marks, IOC subsidy and proceeds from special projects and donations.

The PAAF organized the inaugural Far Eastern Championship Games in 1913 which was contested by China, Japan, and the host country, Philippines.

[2] The first Filipino Olympian was David Nepomuceno, who participated in Athletics in the 100m and 200m sprints events at the 1924 Summer Olympics in Paris.

In 1975 the PAAF was renamed to Philippine Olympic Committee (POC) after the establishment of the Department of Youth and Sports Development which effectively abolished the former.

[3] In January 2023, amendments on leadership and composition of member national sports associations of the POC took effect.

The executive board holds at least one meeting every month and makes valid acts if majority of its members are present which is seven or more person in all cases.

Decisions by the POC are voted upon by the members of the executive board and in case of a tie, the chairman decides upon the matter concerned.

[2] The president has the power to call a special meeting of the executive board upon a written request addressed to the secretary general.

[5] Since February 2009, applicant National Sports Associations should have an official address and contact numbers (telephone, fax, email address) or official website and a directory of its officers and members, and a board resolution authorizing the signatory officer to apply for POC membership with an indication of the level of membership.

It is also required that articles be published in three major daily newspapers of general circulation which states that the applicant is seeking POC membership.