LKN Volleyball Club Inc

Analysis

LKN Volleyball Club Inc is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in January 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LKN Volleyball Club Inc reported income of $115k and spending of $118k, spending 102% of its income. Across the 2 years on record, from June 2020 to June 2023, income fell from $281k to $115k (-59%), an average of -59% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 125% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, LKN Volleyball Club Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Ski Broncs Inc ($115k), Broomfield Blitz Football Club Inc ($115k) and Kingsway Ice Hockey Club ($115k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 74% of the total. At year end it held assets of $9,910 against liabilities of $0, net assets of $9,910.