Vietnamese Culture and Science Association

Analysis

Vietnamese Culture and Science Association is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 1997, 29 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 Culture and Science Association reported income of $191k and spending of $217k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $215k to $191k (-11%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 1866%. Over the whole period it spent 71% 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 Culture and Science Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Virginia Beach Educational Broadcasting Foundation Inc ($191k), Motor City Performing Arts ($191k) and Pones Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 151% and program service revenue 35% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.