Walnut Creek Vietnamese Foundation

Analysis

Walnut Creek Vietnamese Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Walnut Creek Vietnamese Foundation reported income of $684k and spending of $607k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $391k to $684k (+75%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Walnut Creek Vietnamese Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Pocatello Valley Educators Inc ($684k), Reign Homeschooling Academy Inc ($684k) and Take Stock in Children of Broward County Inc ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 23% of the total. Other salaries and wages came to $114k. At year end it held assets of $188k against liabilities of $932, net assets of $187k. It reported 7 employees.