Vietnamese Resettlement Association Inc

Analysis

Vietnamese Resettlement Association Inc is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in September 1989, 37 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 Resettlement Association Inc reported income of $58k and spending of $79k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $103k to $58k (-44%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Resettlement Association Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Brothers and Sisters Helping ($58k), Saco River Salmon Club ($58k) and Little League Baseball Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $65k. At year end it held assets of $256k against liabilities of $1,110, net assets of $255k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.