Friendship Organization of the Diocese of Vinh

Analysis

Friendship Organization of the Diocese of Vinh is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Friendship Organization of the Diocese of Vinh reported income of $181k and spending of $224k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $181k (-9.1%), an average of -9.1% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friendship Organization of the Diocese of Vinh 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 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($181k), West Virginia Child Care ($181k) and Mill City Commons ($181k).

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 $11k against liabilities of $0, net assets of $11k.