Formation Support for Vietnam

Analysis

Formation Support for Vietnam is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Formation Support for Vietnam reported income of $148k and spending of $184k, spending 124% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $260k to $148k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Formation Support for Vietnam sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Parent Booster USA Inc ($148k), Schweiger Memorial Scholarship Fund ($148k) and Blackcomputeherorg ($148k).

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 $235k against liabilities of $2,309, net assets of $233k.