Vietnamese Americans Services

Analysis

Vietnamese Americans Services is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in December 2015, 11 years ago. 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 Americans Services reported income of $1.2m and spending of $1.0m, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $336k to $1.2m (+271%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Americans Services sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Lives Under Construction Ranch Inc ($1.2m), Dressage Foundation Inc ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $71k (6.8% of expenses). Other salaries and wages came to $471k. At year end it held assets of $792k against liabilities of $288k, net assets of $504k. It reported 22 employees.