Tsunami Volleyball Inc

Analysis

Tsunami Volleyball Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in December 2006, 20 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 June 2024, Tsunami Volleyball Inc reported income of $5.3m and spending of $5.5m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $5.3m (+319%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 149%. 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, Tsunami Volleyball Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Tenn Secondary School Athletic Assn ($5.3m), Westfield Youth Soccer Association Inc ($5.3m) and Metro Sports Foundations Inc ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $158k (2.9% of expenses). Other salaries and wages came to $146k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 2 employees.