Vietnamese American Civic Association

Analysis

Vietnamese American Civic Association is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Vietnamese American Civic Association reported income of $498k and spending of $250k, leaving 50% of income unspent that year. Across the 3 years on record, from June 2021 to June 2024, income grew from $102k to $498k (+388%), an average of +121% a year. The sharpest change came in the year to June 2023, when income rose by 130%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vietnamese American Civic Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Garden of Hope Inc ($498k), Tenleytown Main Street ($498k) and Welcome House Properties Inc ($498k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $67k (27% of expenses). Other salaries and wages came to $117k. At year end it held assets of $346k against liabilities of $2,913, net assets of $343k. It reported 4 employees.