Central Virginia Volleyball Incorporated

Analysis

Central Virginia Volleyball Incorporated is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in December 2005, 21 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 August 2024, Central Virginia Volleyball Incorporated reported income of $483k and spending of $462k, spending 96% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $245k to $483k (+97%), an average of +40% a year. The sharpest change came in the year to August 2023, when income rose by 62%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Virginia Volleyball Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include American Youth Football Inc ($483k), Arlington Recreational Soccer Inc ($483k) and Deep South Volleyball Club Inc ($483k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. At year end it held assets of $106k against liabilities of $63, net assets of $106k.