Vietnamese Social Services of Minnesota

Analysis

Vietnamese Social Services of Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 1987, 39 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, Vietnamese Social Services of Minnesota reported income of $1.2m and spending of $941k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $1.2m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vietnamese Social Services of Minnesota sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Cheboygan County Council on Aging ($1.2m), Whitington Homes and Services for Children and Families Inc ($1.2m) and North Country Center for Independence ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $97k (10% of expenses). Other salaries and wages came to $265k. At year end it held assets of $2.2m against liabilities of $538k, net assets of $1.7m. It reported 24 employees.