Space Needle Volleyball Foundation

Analysis

Space Needle Volleyball Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 2001, 25 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 October 2023, Space Needle Volleyball Foundation reported income of $952k and spending of $759k, leaving 20% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $391k to $952k (+144%), an average of +25% a year. The sharpest change came in the year to October 2022, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Space Needle Volleyball Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Friends of the Norsk Inc ($952k), Pleasant Hill Baseball Association ($953k) and Waltham Youth Hockey Association Inc ($952k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $111k (15% of expenses). At year end it held assets of $324k against liabilities of $0, net assets of $324k.