Vietnamese Sangha Congregation in America

Analysis

Vietnamese Sangha Congregation in America is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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 Sangha Congregation in America reported income of $453k and spending of $109k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $949k to $453k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 16% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vietnamese Sangha Congregation in America sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Community Association Institute Research Foundation ($453k), The California Association Highway Patrolmen Widows & Orphans TR ($453k) and Meditation Groups Inc ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $17.4m against liabilities of $966k, net assets of $16.4m.