Cao Dai Foundation

Analysis

Cao Dai Foundation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cao Dai Foundation reported income of $116k and spending of $251k, spending 216% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $116k (+217%), an average of +217% a year. The sharpest change came in the year to December 2023, when income rose by 217%. Over the whole period it spent 180% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cao Dai Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include His Vine Ministries ($116k), Citylights Global ($116k) and Ol Cromwell Ministries Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $483k against liabilities of $0, net assets of $483k.