Victory Lane Aquatic Club

Analysis

Victory Lane Aquatic Club is a registered charity in United States, based in Merrifield, VA. It received its IRS tax-exemption ruling in May 2015, 11 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, Victory Lane Aquatic Club reported income of $319k and spending of $273k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $259k to $319k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Victory Lane Aquatic Club sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Westfield Basketball Association ($319k), Episcopal Camps and Conference Centers Inc ($319k) and North East Rhythmics School of Gymnastics Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.