Vietnam United FC

Analysis

Vietnam United FC is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Vietnam United FC reported income of $123k and spending of $105k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $123k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vietnam United FC sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($123k), SFHS Dugout Club Inc ($123k) and Kinnelon Soccer Club Inc Kathleen G Tabor ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 77% of the total. At year end it held assets of $34k against liabilities of $955, net assets of $33k.