Vietnamese Voluntary Foundation Inc

Analysis

Vietnamese Voluntary Foundation Inc is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 Voluntary Foundation Inc reported income of $1.1m and spending of $687k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $1.1m (+153%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vietnamese Voluntary Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Society of St Vincent de Paulredmond Conference ($1.1m), Riverton Senior Citizens Center Inc ($1.1m) and Altenheim-German Old Peoples Home- ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (10% of expenses). Other salaries and wages came to $378k. At year end it held assets of $1.2m against liabilities of $1,967, net assets of $1.1m. It reported 19 employees.