Vietnamese American Heart Charity

Analysis

Vietnamese American Heart Charity is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in April 2020, 6 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 Heart Charity reported income of $149k and spending of $149k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $250 to $149k (+59360%), an average of +2338% a year. The sharpest change came in the year to December 2022, when income rose by 41163%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vietnamese American Heart Charity sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Raquels Wings for Life ($149k), Imagination Library of Daviess County Inc ($149k) and Spartanburg Juneteenth Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.