Friendship Foundation of American-Vietnamese Inc

Analysis

Friendship Foundation of American-Vietnamese Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1994, 32 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, Friendship Foundation of American-Vietnamese Inc reported income of $182k and spending of $262k, spending 144% of what it took in. Across the 3 years on record, from December 2017 to December 2023, income fell from $347k to $182k (-48%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friendship Foundation of American-Vietnamese Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Soup Kitchen of Muncie Inc ($182k), Nurturepa Inc ($182k) and Life in Christ Susan F Scannon Christian Learning Center Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.