Hoi Bac Ai Phanxico Franciscan Charity Inc

Analysis

Hoi Bac Ai Phanxico Franciscan Charity Inc is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in January 2005, 21 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 Phanxico Franciscan Charity Inc reported income of $1.4m and spending of $1.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 97% 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 Phanxico Franciscan Charity Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Shin Shin Educational Foundation ($1.4m), Spring Impact Incorporated ($1.4m) and The Rostropovich-Vishnevskaya Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.8m against liabilities of $17, net assets of $1.8m. It reported 7 employees.