Vietnamese Buddhist Association

Analysis

Vietnamese Buddhist Association is a registered charity in United States, based in Centreville, VA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vietnamese Buddhist Association reported income of $391k and spending of $473k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $391k (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Buddhist Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Bienvenidos Outreach Inc ($391k), Cairn Health Inc ($391k) and Amateur Athletic Union of the United States ($391k).

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 $318k against liabilities of $0, net assets of $318k.