Wellington Volleyball Academy Inc

Analysis

Wellington Volleyball Academy Inc is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in October 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 December 2023, Wellington Volleyball Academy Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $1.2m (+182%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wellington Volleyball Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Gulf South Conference ($1.2m), Matagorda County Fair & Livestock Exposition Assn ($1.2m) and New Hampshire Golf Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $274k (25% of expenses). At year end it held assets of $298k against liabilities of $30k, net assets of $268k.