Hai-Nam Association of Southern California

Analysis

Hai-Nam Association of Southern California is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Hai-Nam Association of Southern California reported income of $271k and spending of $185k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $250k to $271k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to September 2021, when income rose by 143%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hai-Nam Association of Southern California sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Immigrant Resources and Immediate Support ($271k), Beyond Pregnancy Care Inc ($271k) and Jefferson County Immigrant Rights Advocates ($271k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $4.0m against liabilities of $5,400, net assets of $4.0m.