Tenacity Inc

Analysis

Tenacity Inc is a registered charity in United States, based in Allston, MA. It received its IRS tax-exemption ruling in May 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Tenacity Inc reported income of $4.7m and spending of $3.4m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.7m to $4.7m (+29%), an average of +6.7% a year. The sharpest change came in the year to August 2022, when income rose by 66%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tenacity Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Carolina Elite Soccer Academy ($4.7m), Virginia Youth Soccer Association Inc ($4.8m) and Minnesota Youth Athletic Services Inc ($4.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $163k (4.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.2m against liabilities of $413k, net assets of $6.8m. It reported 160 employees.