Port Washington Tennis Academy Inc

Analysis

Port Washington Tennis Academy Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Port Washington Tennis Academy Inc reported income of $4.4m and spending of $891k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.4m (+175%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Port Washington Tennis Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Helping Hands Inc ($4.4m), Romimu Specials Programs Inc ($4.5m) and Camp Good Days & Special Times Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 15% of the total. At year end it held assets of $8.2m against liabilities of $544k, net assets of $7.7m.