Virginia Beach Volleyball Charities

Analysis

Virginia Beach Volleyball Charities is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in May 2021, 5 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, Virginia Beach Volleyball Charities reported income of $73k and spending of $71k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $73k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Beach Volleyball Charities sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Westminster Baseball ($73k), Buena Regional Education Foundation Inc ($73k) and Middleton Gators Swim and Dive ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $31k against liabilities of $898, net assets of $30k.