Jet Volleyball Club

Analysis

Jet Volleyball Club is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in July 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Jet Volleyball Club reported income of $404k and spending of $412k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $470k to $404k (-14%), an average of -3.7% a year. The sharpest change came in the year to August 2020, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jet Volleyball Club sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Peoria Diamond Club ($404k), Duneland Flyers Inc ($405k) and Centerville United Galaxies Soccer Club Inc ($404k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $88k (21% of expenses). Other salaries and wages came to $650. At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 5 employees.