Palmetto Regional Volley Ball Association Inc

Analysis

Palmetto Regional Volley Ball Association Inc is a registered charity in United States, based in Simpsonville, SC. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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, Palmetto Regional Volley Ball Association Inc reported income of $1.2m and spending of $967k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $938k to $1.2m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmetto Regional Volley Ball Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Urban Crisis Council Day Care ($1.2m), Guitars for Vets ($1.2m) and Youth for Christ USA Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $72k (7.4% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.