Colorado Springs Altitude Volleyball Club

Analysis

Colorado Springs Altitude Volleyball Club is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 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 June 2024, Colorado Springs Altitude Volleyball Club reported income of $630k and spending of $537k, spending 85% of its income. Across the 6 years on record, from September 2019 to June 2024, income grew from $427k to $630k (+48%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Springs Altitude Volleyball Club sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include United Capital City Soccer Club ($630k), McKenzie County Fair ($630k) and Bushnell Park Foundation Inc ($630k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $33k (6.2% of expenses). At year end it held assets of $561k against liabilities of $5,371, net assets of $556k. It reported 3 employees.