TET IN SEATTLE
Mission Statement
The mission of Tet in Seattle is to preserve and promote the Vietnamese culture and heritage, and to enrich the cultural diversity in the greater Seattle area. Our objectives include: 1. To continue the tradition of a community festival for the greater Seattle area during Tet Nguyen Dan 2. To promote the Vietnamese tradition and customs to greater Seattle's diverse cultural communities through Tet Nguyen Dan and other activities throughout the year. 3. To bridge cross-generational relationships among Vietnamese Americans by promoting active participations in Tet Nguyen Dan and other activities throughout the year 4. To develop and foster cross community relationships with other groups and organizations in greater Seattle area
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
68.6% | 81.9% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.1 mo | 9.4 mo |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
57.2% | 77.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-19.2% | 6.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
73.0% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-27.6% | 2.4% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved health literacy, improved education on Vietnamese culture | 150,000 | $10.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $89K | $113K | $105K | 68.6% | — |
| 2024 | $110K | $66K | $129K | 80.4% | — |
| 2021 | $16K | $14K | N/A | — | 45 |
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