Vietnamese Charitable Association

Analysis

Vietnamese Charitable Association is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Vietnamese Charitable Association reported income of $434k and spending of $314k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $257k to $434k (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vietnamese Charitable Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Kiwanis Club of Montgomery Foundation ($434k), Millennium Fund ($435k) and The Persimmon Foundation ($434k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 76% of the total. At year end it held assets of $3.0m against liabilities of $362, net assets of $3.0m.