Norwalk Stamford Grassroots Tennis & Education Inc

Analysis

Norwalk Stamford Grassroots Tennis & Education Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, Norwalk Stamford Grassroots Tennis & Education Inc reported income of $1.4m and spending of $997k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $1.4m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 77%. 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, Norwalk Stamford Grassroots Tennis & Education Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Lake Oswego Soccer Club ($1.4m), Chicago Blues Hockey Association ($1.4m) and Delaware County Fair Society Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $579k (58% of expenses). At year end it held assets of $2.1m against liabilities of $266k, net assets of $1.9m. It reported 37 employees.