Asgard Fencers

Analysis

Asgard Fencers is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2022, 4 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, Asgard Fencers reported income of $675k and spending of $670k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $565k to $675k (+19%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Asgard Fencers sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($675k), Columbus Futbol Club Inc ($675k) and Cochrans Ski Area Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $247k. At year end it held assets of $328k against liabilities of $217k, net assets of $111k. It reported 8 employees.