Circle of Vietnamese Parents Inc

Analysis

Circle of Vietnamese Parents Inc is a registered charity in United States, based in Dorchestr Ctr, MA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Circle of Vietnamese Parents Inc reported income of $50k and spending of $50k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $12k to $50k (+307%), an average of +307% a year. The sharpest change came in the year to December 2023, when income rose by 307%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Vietnamese Parents Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 28th percentile within MA. Charities of a similar size with the same main cause include Mustardseed Inc ($50k), Gearin Up Bicycles ($50k) and Soar Again ($50k).

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 $26k against liabilities of $0, net assets of $26k.