Vovinam Viet-Vo-Dao of America

Analysis

Vovinam Viet-Vo-Dao of America is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vovinam Viet-Vo-Dao of America reported income of $78k and spending of $57k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $78k (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vovinam Viet-Vo-Dao of America sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include American Contemporary Music Ensemble Inc ($78k), Sheboygan Concert Association ($78k) and East Row Historic Foundation Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.