Southern Sand Volleyball Academy

Analysis

Southern Sand Volleyball Academy is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Sand Volleyball Academy reported income of $320k and spending of $328k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $242k to $320k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Sand Volleyball Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Washington Park Foundation Inc ($320k), Georgia Cup Inc ($320k) and Asa USA Softball of Massachusetts ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $134k (41% of expenses). Other salaries and wages came to $13k. At year end it held assets of $161k against liabilities of $0, net assets of $161k. It reported 4 employees.