Bulgarian Volleyball Academy NFP

Analysis

Bulgarian Volleyball Academy NFP is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in July 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 December 2023, Bulgarian Volleyball Academy NFP reported income of $153k and spending of $161k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $25k to $153k (+508%), an average of +82% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bulgarian Volleyball Academy NFP sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Boonville Soccer Academy Incorporated ($153k), American Youth Football Inc ($153k) and Metro Stars Girls Basketball ($153k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $38k (24% of expenses). At year end it held assets of $17k against liabilities of $0, net assets of $17k.