Vietnamese Buddhist Congregation Association

Analysis

Vietnamese Buddhist Congregation Association is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vietnamese Buddhist Congregation Association reported income of $380k and spending of $445k, spending 117% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $186k to $380k (+104%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Buddhist Congregation Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include The Reconstructionist Rabbinical Association ($380k), St Anthony Educational Foundation Inc ($380k) and Columbus Historical Preservation Trust ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $358k against liabilities of $0, net assets of $358k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.