Vietnamese-American Arts and Letters Association

Analysis

Vietnamese-American Arts and Letters Association is a registered charity in United States, based in Fountain Vly, CA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Vietnamese-American Arts and Letters Association reported income of $155k and spending of $149k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $101k to $155k (+53%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese-American Arts and Letters Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include The Association for Biology Laboratory Education Inc ($155k), Shamrock 555 Foundation ($155k) and Bent County Community Center ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.