Vietnam Foundation
Vietnam Foundation shows fluctuating revenue and expenses, with a significant deficit in the latest fiscal year.
EIN: 10905269 · Washington, DC · NTEE: Q20 · Updated: 2026-03-28
Is Vietnam Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vietnam Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vietnam Foundation
Vietnam Foundation (EIN: 10905269) is a nonprofit organization based in Washington, DC, classified under NTEE code Q20. The organization reported total revenue of $111K and total assets of $265K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vietnam Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vietnam Foundation is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $270K |
| Surplus / Deficit | $-188,712 |
| Total Assets | $525K |
| Net Assets | $525K |
| Operating Margin | -231.6% |
| Months of Reserves | 23.3 months |
Financial Health Grade: B
In 2024, Vietnam Foundation reported a deficit of $189K with expenses exceeding revenue, holds 23.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Vietnam Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -75.2% | +20.2% | -26.4% |
| 2023 | -19.4% | +89.9% | +16.0% |
| 2022 | +146.5% | -15.6% | +89.6% |
| 2021 | -22.2% | -28.1% | +8.3% |
| 2020 | -9.6% | -12.3% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Vietnam Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Vietnam Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $189K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are unpaid volunteers, which is a positive sign for resource allocation to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Vietnam Foundation's IRS 990 filings:
- Significant deficit in the most recent fiscal year (2024), with expenses ($270,201) far exceeding revenue ($81,489).
- Inconsistent revenue generation over the past decade, making future financial planning potentially challenging.
Strengths
The following positive indicators were identified for Vietnam Foundation:
- Consistent reporting of zero officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
- Maintained zero liabilities across all reported periods, demonstrating sound financial management.
- Long history of IRS 990 filings (14 filings), indicating good transparency and compliance.
- Consistent positive asset balance, providing a financial cushion.
Frequently Asked Questions about Vietnam Foundation
Is Vietnam Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Vietnam Foundation (EIN: 10905269) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Vietnam Foundation spend its money?
Vietnam Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vietnam Foundation tax-deductible?
Vietnam Foundation is registered as a tax-exempt nonprofit (EIN: 10905269). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Vietnam Foundation financially stable?
While the organization has consistently maintained positive assets and zero liabilities, its financial stability is questionable given the significant deficit in 2024 ($81,489 revenue vs. $270,201 expenses) and fluctuating revenue streams over time.
How does the Vietnam Foundation utilize donor funds?
The absence of officer compensation suggests that donor funds are primarily directed towards program activities and operational costs, rather than executive salaries. A detailed breakdown of program vs. administrative expenses would provide more clarity.
What caused the large deficit in 2024?
The provided data does not specify the exact causes for the 2024 deficit where expenses ($270,201) significantly exceeded revenue ($81,489). This would require further investigation into their detailed financial statements.
Is the Vietnam Foundation transparent?
Yes, the organization demonstrates good transparency through its consistent filing of IRS Form 990s over 14 periods, making its financial data publicly accessible.
Filing History
IRS 990 filing history for Vietnam Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Vietnam Foundation's revenue has declined by 20.2%, moving from $102K to $81K. Total assets increased by 869.1% over the same period, from $54K to $525K. Total functional expenses rose by 79.1%, from $151K to $270K. In its most recent filing year (2024), Vietnam Foundation reported a deficit of $189K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $81K | $270K | $525K | $0 | — | — |
| 2023 | $329K | $225K | $713K | $0 | — | View 990 |
| 2022 | $408K | $118K | $615K | $0 | — | View 990 |
| 2021 | $166K | $140K | $324K | $0 | — | — |
| 2020 | $213K | $195K | $299K | $0 | — | View 990 |
| 2019 | $235K | $223K | $282K | $0 | — | View 990 |
| 2018 | $217K | $193K | $269K | $0 | — | View 990 |
| 2017 | $300K | $224K | $244K | $0 | — | View 990 |
| 2016 | $273K | $258K | $165K | $0 | — | View 990 |
| 2015 | $112K | $89K | $149K | $0 | — | View 990 |
| 2014 | $169K | $117K | $127K | $10K | — | View 990 |
| 2013 | $95K | $115K | $75K | $10K | — | View 990 |
| 2012 | $143K | $102K | $95K | $0 | — | View 990 |
| 2011 | $102K | $151K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $81K, expenses of $270K, and assets of $525K (revenue -75.2% year-over-year).
- 2023: Revenue of $329K, expenses of $225K, and assets of $713K (revenue -19.4% year-over-year).
- 2022: Revenue of $408K, expenses of $118K, and assets of $615K (revenue +146.5% year-over-year).
- 2021: Revenue of $166K, expenses of $140K, and assets of $324K (revenue -22.2% year-over-year).
- 2020: Revenue of $213K, expenses of $195K, and assets of $299K (revenue -9.6% year-over-year).
- 2019: Revenue of $235K, expenses of $223K, and assets of $282K (revenue +8.3% year-over-year).
- 2018: Revenue of $217K, expenses of $193K, and assets of $269K (revenue -27.6% year-over-year).
- 2017: Revenue of $300K, expenses of $224K, and assets of $244K (revenue +9.9% year-over-year).
- 2016: Revenue of $273K, expenses of $258K, and assets of $165K (revenue +145.0% year-over-year).
- 2015: Revenue of $112K, expenses of $89K, and assets of $149K (revenue -34.0% year-over-year).
- 2014: Revenue of $169K, expenses of $117K, and assets of $127K (revenue +78.5% year-over-year).
- 2013: Revenue of $95K, expenses of $115K, and assets of $75K (revenue -33.9% year-over-year).
- 2012: Revenue of $143K, expenses of $102K, and assets of $95K (revenue +40.3% year-over-year).
- 2011: Revenue of $102K, expenses of $151K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vietnam Foundation:
Data Sources and Methodology
This transparency report for Vietnam Foundation 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.