Vietnamese American Philharmonics

Analysis

Vietnamese American Philharmonics is a registered charity in United States, based in Westminster, CA. It received its IRS tax-exemption ruling in October 2017, 9 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, Vietnamese American Philharmonics reported income of $89k and spending of $37k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $89k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 44% 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 Philharmonics sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Mamadele Foundation ($89k), Gujarati Samaj of Greater Austin ($89k) and Uhane Pohaku Na Moku O Hawaii Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.