Texas Legacy Volleyball Club

Analysis

Texas Legacy Volleyball Club is a registered charity in United States, based in Tomball, TX. It received its IRS tax-exemption ruling in July 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, Texas Legacy Volleyball Club reported income of $1.8m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $846k to $1.8m (+108%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Texas Legacy Volleyball Club sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Florida State Parks Foundation Inc ($1.8m), USA Water Ski & Wake Sports Inc ($1.8m) and Crystal Lake Soccer Federation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $66k (3.3% of expenses). Other salaries and wages came to $303k. At year end it held assets of $331k against liabilities of $152k, net assets of $179k. It reported 9 employees.