Hy Vong

Analysis

Hy Vong is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in May 2003, 23 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, Hy Vong reported income of $243k and spending of $126k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $575k to $243k (-58%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hy Vong sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Africulture ($243k), N L C Youth Association ($243k) and Albany Therapeutic Riding Center Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $219k against liabilities of $219k, net assets of $0.