Nhat Tam Charity

Analysis

Nhat Tam Charity is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nhat Tam Charity reported income of $494k and spending of $593k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $494k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nhat Tam Charity sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include United Way of Passaic County ($493k), Friends of Chikumbuso Inc ($494k) and Asset Stewardship Foundation ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.