Centex Volleyball Club Inc

Analysis

Centex Volleyball Club Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2023, Centex Volleyball Club Inc reported income of $904k and spending of $810k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $904k (+89%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Centex Volleyball Club Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include McFarland Hockey Inc ($904k), Pasadena Strawberry Festival Inc ($904k) and The Cincinnati International Wine Festival Inc ($903k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $147k (18% of expenses). At year end it held assets of $1.2m against liabilities of $507k, net assets of $703k. It reported 2 employees.