Citrus Fusion Volleyball Club Inc

Analysis

Citrus Fusion Volleyball Club Inc is a registered charity in United States, based in Lecanto, FL. It received its IRS tax-exemption ruling in December 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 August 2023, Citrus Fusion Volleyball Club Inc reported income of $178k and spending of $174k, spending 98% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $129k to $178k (+38%), an average of +38% a year. The sharpest change came in the year to August 2023, when income rose by 38%. 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, Citrus Fusion Volleyball Club Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Katonah Lewisboro Bedford Softball Inc ($178k), Prince William County Parks Foundation Inc ($178k) and Cadillac Viking Boosters ($178k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $36k against liabilities of $22k, net assets of $14k.