Panhandle Elite Volleyball Club Inc

Analysis

Panhandle Elite Volleyball Club Inc is a registered charity in United States, based in Gulf Breeze, FL. It received its IRS tax-exemption ruling in April 2019, 7 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, Panhandle Elite Volleyball Club Inc reported income of $609k and spending of $568k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $609k (+93%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Panhandle Elite Volleyball Club Inc 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 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Cullman County Fair Associaton Inc ($609k), Cedar Rapids Hockey Association ($609k) and Massachusetts Amateur Sports ($609k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $48k (8.5% of expenses). At year end it held assets of $238k against liabilities of $151k, net assets of $87k.