Vietnamese American Buddhist Association of Massachusetts Inc

Analysis

Vietnamese American Buddhist Association of Massachusetts Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Vietnamese American Buddhist Association of Massachusetts Inc reported income of $440k and spending of $200k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $440k (+1078%), an average of +1078% a year. The sharpest change came in the year to December 2023, when income rose by 1078%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vietnamese American Buddhist Association of Massachusetts Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Kingdomquest Ministries Inc ($440k), United Ministries Inc ($441k) and Gary Randall Ministries ($440k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.