Vietnamese Minnesotans Association

Analysis

Vietnamese Minnesotans Association is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Minnesotans Association reported income of $1.6m and spending of $1.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $849k to $1.6m (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vietnamese Minnesotans Association sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Old Newsboys Goodfellow Fund of Detroit ($1.6m), Finishing Trades Inst of West Penns Yldist Coun No 57 Jntapprtrain FD ($1.6m) and Pennsylvania State Association of County Fairs ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $86k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $634k against liabilities of $23k, net assets of $612k. It reported 62 employees.