Texas 512 Volleyball Club

Analysis

Texas 512 Volleyball Club is a registered charity in United States, based in Leander, TX. It received its IRS tax-exemption ruling in May 2017, 9 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, Texas 512 Volleyball Club reported income of $227k and spending of $262k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $236k to $227k (-3.8%), an average of -1.9% a year. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Texas 512 Volleyball Club sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include MPLS Lakers Youth Traveling Basketball Program Inc ($227k), Alabama Christian Youth Camp ($227k) and Patrick Co Agricultural Fair Inc ($227k).

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 $97k (37% of expenses). At year end it held assets of $11k against liabilities of $99k, net assets of -$88k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.