Viet Bao Foundation

Analysis

Viet Bao Foundation is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in June 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 December 2023, Viet Bao Foundation reported income of $117k and spending of $109k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $117k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Viet Bao Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Lee Jaeeun Arts Company ($117k), Washington Friends of Music Inc ($117k) and Patawomeck Indian Tribe of Virginia ($116k).

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 $63k against liabilities of $5,000, net assets of $58k.