Vietnamese Buddhist Friendship Association

Analysis

Vietnamese Buddhist Friendship Association is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vietnamese Buddhist Friendship Association reported income of $127k and spending of $97k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $127k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Friendship Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Lazarus Ministries Inc ($127k), Jason Vallotton Ministries ($127k) and River City Evangelical Church ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.