Carolina Regional Volleyball Association

Analysis

Carolina Regional Volleyball Association is a registered charity in United States, based in Clemmons, NC. It received its IRS tax-exemption ruling in November 1983, 43 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 September 2023, Carolina Regional Volleyball Association reported income of $854k and spending of $816k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $854k (-27%), an average of -7.6% a year. The sharpest change came in the year to September 2022, when income rose by 105%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolina Regional Volleyball Association sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Klamath Crisis Center ($854k), Mt Pleasant Home ($854k) and Community United Against Violence Inc ($854k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). Other salaries and wages came to $17k. At year end it held assets of $616k against liabilities of $0, net assets of $616k. It reported 3 employees.