Gotham Volleyball League Inc

Analysis

Gotham Volleyball League Inc is a registered charity in United States, based in New York, NY. 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 May 2024, Gotham Volleyball League Inc reported income of $590k and spending of $597k, spending 101% of its income. Across the 6 years on record, from December 2019 to May 2024, income grew from $530k to $590k (+11%), an average of +2.2% a year. The sharpest change came in the year to May 2022, when income rose by 984%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gotham Volleyball League Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Columbus Express Soccer Club Inc ($589k), Canes West Baseball Inc ($590k) and Utah Recreation and Parks Association Inc ($589k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $9,517 (1.6% of expenses). At year end it held assets of $438k against liabilities of $2,529, net assets of $435k.