Vietnamese American Community of Massachusetts Inc

Analysis

Vietnamese American Community of Massachusetts Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vietnamese American Community of Massachusetts Inc reported income of $91k and spending of $77k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $21k to $91k (+327%), an average of +327% a year. The sharpest change came in the year to December 2023, when income rose by 327%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese American Community of Massachusetts Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Donnie Moore Ministries Inc ($91k), Ephraim McDowell Regional Medical Center Auxiliary ($91k) and National Association of Women in Construction Education Foundation ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 203% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.