Sacramento Hmong New Year Inc

Analysis

Sacramento Hmong New Year Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sacramento Hmong New Year Inc reported income of $304k and spending of $253k, spending 83% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $231k to $304k (+32%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 1118%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sacramento Hmong New Year Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Hausmann Quartet Foundation ($304k), Golden Isles Arts and Humanities Association Inc ($304k) and San Diego Scottish Highland Games Inc ($304k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.