Triangle Volleyball Club Inc

Analysis

Triangle Volleyball Club Inc is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in August 2004, 22 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 August 2023, Triangle Volleyball Club Inc reported income of $2.6m and spending of $2.8m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.6m (+34%), an average of +7.7% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Volleyball Club Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Quicksilver Swimming ($2.6m), Galaxy Soccer Club ($2.6m) and South Atlantic Conference ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 54% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $131k (4.7% of expenses). Other salaries and wages came to $820k. At year end it held assets of $1.2m against liabilities of $310k, net assets of $879k. It reported 108 employees.