Vegas Jr Golden Knights Foundation Inc

Analysis

Vegas Jr Golden Knights Foundation Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in August 2017, 9 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 June 2023, Vegas Jr Golden Knights Foundation Inc reported income of $2.1m and spending of $2.3m, spending 107% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $819k to $2.1m (+157%), an average of +60% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vegas Jr Golden Knights Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NV. Charities of a similar size with the same main cause include Fox Cities Sports Development Inc ($2.1m), Hatcher Alpine Xperience ($2.1m) and Legacy Volleyball Club ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $112k against liabilities of $212k, net assets of -$99k.