Vikings FC Inc

Analysis

Vikings FC Inc is a registered charity in United States, based in Demarest, NJ. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Vikings FC Inc reported income of $879k and spending of $649k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $258k to $879k (+241%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vikings FC Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include C35 Baseball ($877k), Hattiesburg Youth Soccer Association Inc ($879k) and Toledo Youth Golf ($877k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $815k against liabilities of $953, net assets of $814k.