Springfield Vietnamese Cultural Association Inc

Analysis

Springfield Vietnamese Cultural Association Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Springfield Vietnamese Cultural Association Inc reported income of $59k and spending of $85k, spending 144% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $59k (+14%), an average of +14% a year. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Springfield Vietnamese Cultural Association Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Camden County Emerald Society Pipes and Drums Inc ($59k), Seattle Jewish Chorale ($59k) and Port Angeles Community Players Inc ($59k).

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 $6,787 against liabilities of $0, net assets of $6,787.