Truong Buu Diep Foundation

Analysis

Truong Buu Diep Foundation is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in July 2013, 13 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, Truong Buu Diep Foundation reported income of $413k and spending of $472k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $463k to $413k (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Truong Buu Diep Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Apple Orchard Trust ($413k), The Tewksbury Historical Society ($414k) and Governors Public Building Foundation Inc ($413k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $205k. At year end it held assets of $261k against liabilities of $471k, net assets of -$210k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.