Usta National Tennis Center Inc

Analysis

Usta National Tennis Center Inc is a registered charity in United States, based in Purchase, 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 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, Usta National Tennis Center Inc reported income of $140.8m and spending of $130.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $110.6m to $140.8m (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 1426%. Over the whole period it spent 129% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usta National Tennis Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include University of Louisville Athletic ($137.0m), Central Park Conservancy Inc ($148.0m) and Amery Regional Medical Center Inc ($81.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (0.8% of expenses). Other salaries and wages came to $11.8m. At year end it held assets of $631.9m against liabilities of $746.7m, net assets of -$114.8m. It reported 1,660 employees.