VK Cricket Academy

Analysis

VK Cricket Academy is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in March 2021, 5 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, VK Cricket Academy reported income of $221k and spending of $227k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $221k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, VK Cricket Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Sma Inc ($221k), Southington Soccer Club ($222k) and Ohway Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $35k. At year end it held assets of $88k against liabilities of $0, net assets of $88k.