Stingray Volleyball Club

Analysis

Stingray Volleyball Club is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Stingray Volleyball Club reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $781k to $1.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to October 2022, when income rose by 83%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Stingray Volleyball Club sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Friends of Pop Whalen ($1.1m), Evansville-Vanderburgh County Convention and Visitors Comm Sport ($1.1m) and Rancho Santa Fe Youth Soccer ($1.1m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $172k (16% of expenses). Other salaries and wages came to $290k. At year end it held assets of $426k against liabilities of $22k, net assets of $404k.