Vietnamese Buddhist Association of Southwest Lousiana Inc

Analysis

Vietnamese Buddhist Association of Southwest Lousiana Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 of Southwest Lousiana Inc reported income of $72k and spending of $103k, spending 144% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $251k to $72k (-71%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 159%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese Buddhist Association of Southwest Lousiana Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include First Priority Tri-States ($72k), Consolidated Christian Ministries ($72k) and Freedom 58 Project Incorporated ($72k).

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 $624k against liabilities of $54k, net assets of $570k.

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.