Amarillo Elite Volleyball Inc

Analysis

Amarillo Elite Volleyball Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in October 1993, 33 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, Amarillo Elite Volleyball Inc reported income of $483k and spending of $395k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $264k to $483k (+83%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 40%. 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, Amarillo Elite Volleyball Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Applied Scholastics International ($483k), World Mind Creation Academy ($483k) and Geneseo-Atkinson Food Pantry ($483k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $57k (14% of expenses). Other salaries and wages came to $93k. At year end it held assets of $235k against liabilities of -$14k, net assets of $249k. It reported 38 employees.