Van Duc Tu

Analysis

Van Duc Tu is a registered charity in United States, based in Annandale, VA. It received its IRS tax-exemption ruling in September 2018, 8 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, Van Duc Tu reported income of $179k and spending of $78k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $179k (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Van Duc Tu sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Micaiah Ministries Inc ($179k), St Isidore Historical Plaza Inc ($179k) and Mustard Seed Missions of Venango County ($179k).

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 $662k against liabilities of $0, net assets of $662k.