Chobee Volleyball Academy Inc

Analysis

Chobee Volleyball Academy Inc is a registered charity in United States, based in Okeechobee, FL. It received its IRS tax-exemption ruling in June 2016, 10 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, Chobee Volleyball Academy Inc reported income of $60k and spending of $67k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $60k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chobee Volleyball Academy Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Raymond Community & Business Organization ($60k), Shakopee Mat Club 564 ($60k) and Wo Baseball Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. At year end it held assets of $1,380 against liabilities of $52, net assets of $1,328.