Permian Basin Elite Volleyball Club Inc

Analysis

Permian Basin Elite Volleyball Club Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Permian Basin Elite Volleyball Club Inc reported income of $339k and spending of $638k, spending 188% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $573k to $339k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Permian Basin Elite Volleyball Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Rocklin Youth Baseball Inc ($339k), Women of Colors ($339k) and Forestwood Skating Club Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.

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.