Vietnamese Literary and Artistic Club of the Washington Metro Area

Analysis

Vietnamese Literary and Artistic Club of the Washington Metro Area is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in November 2001, 25 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, Vietnamese Literary and Artistic Club of the Washington Metro Area reported income of $56k and spending of $54k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $70k to $56k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vietnamese Literary and Artistic Club of the Washington Metro Area sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Main Street Ravenna Inc ($56k), Handfuls of Purpose ($56k) and New Herring Productions ($56k).

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 $64k against liabilities of $0, net assets of $64k.