Vietnamese American Organization - Vao

Analysis

Vietnamese American Organization - Vao is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vietnamese American Organization - Vao reported income of $299k and spending of $223k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $299k (+459%), an average of +459% a year. The sharpest change came in the year to December 2023, when income rose by 459%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vietnamese American Organization - Vao sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Freedom Quilting Bee Legacy ($299k), Corvallis Youth Symphony Association ($300k) and Indonesia Muslim Foundation ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $23k (10% of expenses). Other salaries and wages came to $1,206. At year end it held assets of $164k against liabilities of $138, net assets of $164k.