Maryland Vietnamese Mutual Association Inc
EIN: 521263654 · Silver Spring, MD
| Metric | Value |
|---|---|
| Total Revenue | $355K |
| Total Expenses | $247K |
| Net Assets | $233K |
Is Maryland Vietnamese Mutual Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maryland Vietnamese Mutual Association Inc
Maryland Vietnamese Mutual Association Inc (EIN: 521263654) is a nonprofit organization based in Silver Spring, MD. The organization reported total revenue of $355K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Vietnamese Mutual Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maryland Vietnamese Mutual Association Inc is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $247K |
| Surplus / Deficit | +$28K |
| Total Assets | $328K |
| Total Liabilities | $95K |
| Net Assets | $233K |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 29.0% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Maryland Vietnamese Mutual Association Inc reported a surplus of $28K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Maryland Vietnamese Mutual Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +162.7% | +281.7% | +95.1% |
| 2021 | -7.0% | -54.4% | +219.7% |
| 2020 | -21.1% | -2.0% | -29.5% |
| 2019 | -11.8% | -8.5% | +4.8% |
| 2018 | -24.3% | +0.2% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maryland Vietnamese Mutual Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maryland Vietnamese Mutual Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.0%.
Frequently Asked Questions about Maryland Vietnamese Mutual Association Inc
Is Maryland Vietnamese Mutual Association Inc a legitimate charity?
Maryland Vietnamese Mutual Association Inc (EIN: 521263654) is a registered tax-exempt nonprofit based in Maryland. It has 12 years of IRS 990 filings on record. Total revenue: $355K. No red flags identified. Financial health grade: A.
How does Maryland Vietnamese Mutual Association Inc spend its money?
Maryland Vietnamese Mutual Association Inc reported $355K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maryland Vietnamese Mutual Association Inc tax-deductible?
Maryland Vietnamese Mutual Association Inc is registered as a tax-exempt nonprofit (EIN: 521263654). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maryland Vietnamese Mutual Association Inc located?
Maryland Vietnamese Mutual Association Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 521263654.
How many years of IRS 990 filings does Maryland Vietnamese Mutual Association Inc have?
Maryland Vietnamese Mutual Association Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $355K in total revenue.
Filing History
IRS 990 filing history for Maryland Vietnamese Mutual Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Maryland Vietnamese Mutual Association Inc's revenue has grown by 39.9%, moving from $196K to $275K. Total assets increased by 760.8% over the same period, from $38K to $328K. Total functional expenses rose by 25.6%, from $196K to $247K. In its most recent filing year (2023), Maryland Vietnamese Mutual Association Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $95K in liabilities against $328K in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $247K | $328K | $95K | — | View 990 |
| 2021 | $105K | $65K | $168K | $90K | — | View 990 |
| 2020 | $113K | $142K | $53K | $14K | — | — |
| 2019 | $143K | $145K | $75K | $7K | — | View 990 |
| 2018 | $162K | $158K | $71K | $1K | — | View 990 |
| 2017 | $214K | $158K | $67K | $720 | — | View 990 |
| 2016 | $132K | $165K | $10K | $0 | — | View 990 |
| 2015 | $136K | $134K | $48K | $5K | — | View 990 |
| 2014 | $147K | $141K | $43K | $2K | — | View 990 |
| 2013 | $141K | $128K | $36K | $1K | — | View 990 |
| 2012 | $116K | $131K | $25K | $2K | — | View 990 |
| 2011 | $196K | $196K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $247K, and assets of $328K (revenue +162.7% year-over-year).
- 2021: Revenue of $105K, expenses of $65K, and assets of $168K (revenue -7.0% year-over-year).
- 2020: Revenue of $113K, expenses of $142K, and assets of $53K (revenue -21.1% year-over-year).
- 2019: Revenue of $143K, expenses of $145K, and assets of $75K (revenue -11.8% year-over-year).
- 2018: Revenue of $162K, expenses of $158K, and assets of $71K (revenue -24.3% year-over-year).
- 2017: Revenue of $214K, expenses of $158K, and assets of $67K (revenue +62.4% year-over-year).
- 2016: Revenue of $132K, expenses of $165K, and assets of $10K (revenue -3.2% year-over-year).
- 2015: Revenue of $136K, expenses of $134K, and assets of $48K (revenue -7.2% year-over-year).
- 2014: Revenue of $147K, expenses of $141K, and assets of $43K (revenue +4.2% year-over-year).
- 2013: Revenue of $141K, expenses of $128K, and assets of $36K (revenue +21.3% year-over-year).
- 2012: Revenue of $116K, expenses of $131K, and assets of $25K (revenue -41.0% year-over-year).
- 2011: Revenue of $196K, expenses of $196K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maryland Vietnamese Mutual Association Inc:
Data Sources and Methodology
This transparency report for Maryland Vietnamese Mutual Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.