Volt Volleyball Inc

Analysis

Volt Volleyball Inc is a registered charity in United States, based in West Fargo, ND. It received its IRS tax-exemption ruling in September 2012, 14 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 August 2023, Volt Volleyball Inc reported income of $688k and spending of $568k, spending 83% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $224k to $688k (+208%), an average of +75% a year. The sharpest change came in the year to August 2022, when income rose by 104%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Volt Volleyball Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within ND. Charities of a similar size with the same main cause include Davidsonville Athletic Association Inc ($688k), Mississippi Golf Association Inc ($688k) and San Diego Saints Youth Hockey Club ($688k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $42k (7.4% of expenses). Other salaries and wages came to $214k. At year end it held assets of $282k against liabilities of $0, net assets of $282k.