Viking Charities INC EIN 95-3542227 Form 990 (PDF) Claim this org

Viking Charities INC

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Offers financial aid for medical expenses to individuals and healthcare groups. For fiscal year 2024 it reported $2.3M in revenue, $325K in expenses, and $4.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Solvang, CA
Website
www.vikingcharitiesinc.com
Filings
5 on file (2020–2024)
Revenue
$2.3MFY2024
Expenses
$325K
Net assets
$4.2M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  95-3542227 Public charity (501(c)(3)) Solvang, CA
Form 990 (PDF)
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Figures match the IRS filing checked 9/3/26 · see original: IRS
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Size
$1–10M
What they do
Offers financial aid for medical expenses to individuals and healthcare groups.
Leadership
Kim Jensen · Vice Chief
Money in and out
$2.3M revenue, $325K expenses
Bottom line
52% program efficiency
Where the money goes · FY2024
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$325K
Pt IX · Ln 25
Net assets
$4.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.0M
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.48
Program efficiency
52%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
158.5mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+86%
revenue over expenses, this year▲ +340% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.3M
FY2024▲ +672%
Expenses
$325K
FY2024▲ +35%
Total assets
$4.3M
FY2024▲ +80%
Total liabilities
$70K
FY2024▼ -8%
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$325K
Pt IX · Ln 25
Net assets
$4.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.0M
Total assetsPt X · Ln 16$4.3M
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 346
Independent voting membersPt I · Ln 446
Mission & Programs · Part III

Where the work happens

3 program services account for $171K of program spending, described in the organization's own filed words · FY2024.
01

Provide financial assistance for medically related needs of qualified individuals & health care organizations.

$171Kprogram expense
02

Disadvantaged kids christmas party

Pt IX · col B
03

Blood drive

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CViking Charities INC
EINHdr · item D95-3542227
Principal addressHdr · item CSolvang, CA
WebsiteHdr · item Jwww.vikingcharitiesinc.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G40J)
Ruling yearIRS BMFFeb 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a46
Independent voting membersPt VI · Ln 1b46
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Chief
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$1.7M · 73%
Other revenue$357K · 15%
Investment income$256K · 11%
Contributions & grants73%$1.7M
Other revenue15%$357K
Investment income11%$256K
Total revenueLn 12$2.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.48
Program services52%$171K
Management & general48%$155K
Total functional expensesLn 25$325K

Balance Sheet

Part X · end of year
CashLn 1$126K
Total assetsLn 16$4.3M
Total liabilitiesLn 26$70K
Total net assetsLn 32$4.2M
Months of cash on handcomputed4.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.3M · Operating expenses (Pt IX) $325K · Less non-cash grants $100 · Cash operating expenses/yr $325K
158.5 months
Where the money goes
Program services
Program services $171K · Total expenses $325K
52%
Management & General
Management & general $155K · Total expenses $325K
48%
Fundraising
Fundraising $0 · Total expenses $325K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $667K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $2.3M
73%
Government reliance
Government grants — · Total revenue $2.3M
Earned-income share
Program service revenue $0 · Total revenue $2.3M
0%
Investment reliance
Investment income $256K · Total revenue $2.3M
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $325K
0%
Growth & trend
Revenue growth (YoY)
This year $2.3M · Prior year $299K
+672%
Revenue CAGR
FY2020 $201K · FY2024 $2.3M
+84%
Net-asset trend (YoY)
End of year $4.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.3M · Expenses $325K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $4.3M
Net-asset ratio
Net assets $4.2M · Total assets $4.3M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.3M
97%
People & payroll
Highest Reported Total Compensation
Individual Kim Jensen · Reported title VICE CHIEF · Highest reported compensation $0 · Total expenses $325K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $325K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 48%
Fundraising cost ratio 0%
Revenue growth 672%
Investment management fee ratio 0.3%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 12 grants · $393K · 2020–2024
Unitemized GrantFY2024$108,005
Unitemized GrantFY2023$68,227
Santa Barbara County Childrens ServicesFY2023$10,140
Solvang Theaterfest INCCA · FY2023$10,000
Unitemized GrantFY2022$44,070
Solvang Theaterfest INCCA · FY2022$10,000
Unitemized GrantFY2021$57,773
Freindship HouseFY2021$15,000
Solvang Theaterfest INCCA · FY2021$10,000
Unitemized GrantFY2020$42,188
Solvang Theaterfest INCCA · FY2020$10,000
Scbac Childrens ServicesFY2020$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.3M revenue · viewing · ⤓ 990 PDF
FY2023$299K revenue · ⤓ 990 PDF
FY2022$333K revenue · ⤓ 990 PDF
FY2021$497K revenue · ⤓ 990 PDF
FY2020$201K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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