Legacy Volleyball Club

Analysis

Legacy Volleyball Club is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 2013, 13 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, Legacy Volleyball Club reported income of $2.1m and spending of $2.2m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to June 2024, income grew from $704k to $2.1m (+199%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 132%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Legacy Volleyball Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include The United States Pony Clubs Inc ($2.1m), Fox Cities Sports Development Inc ($2.1m) and National Collegiate Hockey Conference ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $463k (21% of expenses). Other salaries and wages came to $724k. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$292k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.