Momentum Volleyball Academy Inc

Analysis

Momentum Volleyball Academy Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Momentum Volleyball Academy Inc reported income of $549k and spending of $533k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $237k to $549k (+132%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Momentum Volleyball Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include United Hook & Ladder Company 33 ($549k), Northampton Area Public Library Inc ($550k) and David School Inc ($549k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k. It reported 3 employees.