Southern Kentucky Elite Volleyball Academy Inc

Analysis

Southern Kentucky Elite Volleyball Academy Inc is a registered charity in United States, based in Alvaton, KY. It received its IRS tax-exemption ruling in November 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, Southern Kentucky Elite Volleyball Academy Inc reported income of $360k and spending of $374k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $350k to $360k (+2.9%), an average of +1.4% a year. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Southern Kentucky Elite Volleyball Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Catholic Camp and Conference Ministries of Alaska Inc ($360k), Miller Golf Course ($360k) and Northern Ohio Pga Section Foundation ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $40k (11% of expenses). At year end it held assets of $106k against liabilities of $0, net assets of $106k.