Powerset Volleyball Club

Analysis

Powerset Volleyball Club is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Powerset Volleyball Club reported income of $104k and spending of $94k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $104k (+13%), an average of +14% a year. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Powerset Volleyball Club sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Glenwood Dance Studio ($104k), Buck Creek Players Inc ($104k) and Metro Performance Resources Inc ($104k).

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 $9,368 against liabilities of $0, net assets of $9,368.