Hoi Bac Ai-Love the Poor

Analysis

Hoi Bac Ai-Love the Poor is a registered charity in United States, based in Daly City, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hoi Bac Ai-Love the Poor reported income of $257k and spending of $278k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $721k to $257k (-64%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hoi Bac Ai-Love the Poor sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Village Partners International Inc ($257k), Karuna America ($257k) and Neighbors to Nicaragua Inc ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.

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.