Thanh-Hoa Project Foundation

Analysis

Thanh-Hoa Project Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Thanh-Hoa Project Foundation reported income of $109k and spending of $100k, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $272k to $109k (-60%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 128% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thanh-Hoa Project 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 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Grow International Ministries ($109k), United Methodist Men Foundation ($109k) and Masjid-Oumar-Al Foutiyou ($109k).

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 $54k against liabilities of $0, net assets of $54k.