Viet Dreams

Analysis

Viet Dreams is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Viet Dreams reported income of $222k and spending of $110k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $222k (+83%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Viet Dreams sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Grace Impact Development Center Inc ($222k), Food Distribution Research Society Inc ($222k) and Or Ami Ministries ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $526k against liabilities of $0, net assets of $526k.