Momentum Volleyball Colorado

Analysis

Momentum Volleyball Colorado is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in October 2014, 12 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 December 2023, Momentum Volleyball Colorado reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $1.1m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Momentum Volleyball Colorado sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Michigan Trapshooting Association ($1.1m), Parker County Miracle League ($1.1m) and Wisconsin Wrestling Federation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $93k (7.9% of expenses). Other salaries and wages came to $88k. At year end it held assets of $656k against liabilities of $186k, net assets of $470k. It reported 3 employees.