Viet Hung Foundation Inc

Analysis

Viet Hung Foundation Inc is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Viet Hung Foundation Inc reported income of $65k and spending of $44k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $122k to $65k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Viet Hung Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Olga Loizon Memorial Foundation ($65k), Cultivate International ($65k) and Chestnut Hill Community Fund ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.