Ve Nguon Vietnamese Language School

Analysis

Ve Nguon Vietnamese Language School is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ve Nguon Vietnamese Language School reported income of $53k and spending of $51k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $57k to $53k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 75%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ve Nguon Vietnamese Language School sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Desoto County Foundation for Excellence in Education Inc ($53k), Kyle Rudow Memorial Fund ($53k) and Friends of Koko Head School ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.