Queen City Volleyball Academy

Analysis

Queen City Volleyball Academy is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2020, 6 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 June 2023, Queen City Volleyball Academy reported income of $168k and spending of $171k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $149k to $168k (+13%), an average of +13% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Queen City Volleyball Academy sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Circle City Curling Club Inc ($168k), Alsio Aquatics Inc ($168k) and Willard Library Foundation Inc ($168k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.