Club Velocity Volleyball Inc

Analysis

Club Velocity Volleyball Inc is a registered charity in United States, based in Greenwood, AR. It received its IRS tax-exemption ruling in January 2014, 12 years ago. 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 December 2023, Club Velocity Volleyball Inc reported income of $118k and spending of $112k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $118k (+17%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Club Velocity Volleyball Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within AR. Charities of a similar size with the same main cause include Ufcw Local 75 Foundation Inc ($118k), The Collaborative Piano Institute ($118k) and Gaia Education Outreach Institute ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.