VGSL Inc

Analysis

VGSL Inc is a registered charity in United States, based in Vincennes, IN. It received its IRS tax-exemption ruling in April 2012, 14 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 December 2023, VGSL Inc reported income of $67k and spending of $73k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $68k to $67k (-1.6%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 48% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, VGSL Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within IN. Charities of a similar size with the same main cause include Del Rio Texas Youth Basketball Association ($67k), Crystal Coast Full and Half Booty Triathlon Inc ($67k) and Lafayette Hockey Club Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 74% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.