Vietnamese American for Mutual Assistance and Service Inc

Analysis

Vietnamese American for Mutual Assistance and Service Inc is a registered charity in United States, based in Garland, TX. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vietnamese American for Mutual Assistance and Service Inc reported income of $221k and spending of $222k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $295k to $221k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vietnamese American for Mutual Assistance and Service Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Serving Beyond Borders ($221k), Ocala Downtown Market Inc ($221k) and Custom Shoot-Out Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 91% of the total. At year end it held assets of $433k against liabilities of $0, net assets of $433k.