Hoi-Quan Cuu Long Mekong Community Center Inc

Analysis

Hoi-Quan Cuu Long Mekong Community Center Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2024, Hoi-Quan Cuu Long Mekong Community Center Inc reported income of $3.1m and spending of $2.0m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $3.1m (+107%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hoi-Quan Cuu Long Mekong Community Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Explore & More a Childrens Museum ($3.1m), Virginia Holocaust Museum ($3.1m) and The Childrens Museum of Cleveland ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $180k, net assets of $3.1m. It reported 26 employees.