The club was founded on 19 January 1961 at Alvøen. It had a certain predecessor club in Algo, which stood for Alvøen and Godvik. The club introduced gymnastics, football, skiing, athletics and table tennis during the 1960s, and swimming in 1976. The club held mountain running, cross-country running and skiing races.[1]
The men's football team plays in the Third Division, the fourth tier of Norwegian football. During the 1990s and 2000s, the club mostly played below the fourth tier, with exceptions in 1999, 2003, 2006–2008 and 2015.