Vietnamese Asso of Illinois

Analysis

Vietnamese Asso of Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Vietnamese Asso of Illinois reported income of $8.0m and spending of $7.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $8.0m (+79%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vietnamese Asso of Illinois sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Crossroads Mission ($8.0m), Katahdin Friends Inc ($8.0m) and Building Bridges Foster Family Agency ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $94k (1.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $8.3m against liabilities of $1.9m, net assets of $6.4m. It reported 331 employees.