Richmond Volleyball Club

Analysis

Richmond Volleyball Club is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in August 2004, 22 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, Richmond Volleyball Club reported income of $3.9m and spending of $4.0m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.6m to $3.9m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to August 2021, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Volleyball Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Reno-Tahoe Open Foundation ($3.8m), Kelly S Brush Foundation ($3.9m) and Lakeside Aquatic Club ($3.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $115k (2.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.3m against liabilities of $3.4m, net assets of $1.9m. It reported 254 employees.