Danang Foundation Corp

Analysis

Danang Foundation Corp is a registered charity in United States, based in Jackson HTS, NY. It received its IRS tax-exemption ruling in July 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, Danang Foundation Corp reported income of $331k and spending of $519k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $331k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 138% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Danang Foundation Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Simon and Josephine Braitman Family Supporting Foundation ($331k), Progressive Community Center the Peoples Church ($331k) and Interfaith Alliance of Iowa ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $46k (8.8% of expenses). At year end it held assets of $1.6m against liabilities of $374k, net assets of $1.2m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.