Vietbay Inc

Analysis

Vietbay Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Vietbay Inc reported income of $265k and spending of $146k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $265k (-77%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vietbay Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Nia Centre ($265k), The Laboratory Theater of Florida Inc ($265k) and Noor Theatre ($265k).

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 $159k against liabilities of $0, net assets of $159k.