Ignite Volleyball Academy

Analysis

Ignite Volleyball Academy is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in March 2018, 8 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, Ignite Volleyball Academy reported income of $530k and spending of $461k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $284k to $530k (+87%), an average of +87% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ignite Volleyball Academy sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Hilton Head Island Foundation to Support Youth Sports Inc ($530k), Union County Fair Assn ($531k) and Yamhill Encampment Corporation ($530k).

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 $20k (4.2% of expenses). At year end it held assets of $181k against liabilities of $0, net assets of $181k.