Vasa Inc

Analysis

Vasa Inc is a registered charity in United States, based in Alcoa, TN. It received its IRS tax-exemption ruling in January 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vasa Inc reported income of $276k and spending of $215k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $201k to $276k (+37%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vasa Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Na Maka Onaona ($276k), CBHM Inc ($276k) and United States Bowling Congress Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 86% of the total. At year end it held assets of $204k against liabilities of $21k, net assets of $183k.