Chesapeake Region Volleyball Association

Analysis

Chesapeake Region Volleyball Association is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in April 2024, 2 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 August 2023, Chesapeake Region Volleyball Association reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.1m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to August 2022, when income rose by 41%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chesapeake Region Volleyball Association 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 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Niroga Institute ($1.1m), Prolific Prep ($1.1m) and Restoring the Path ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $108k (10% of expenses). Other salaries and wages came to $320k. At year end it held assets of $1.0m against liabilities of $5,738, net assets of $1.0m.