Usta Foundation Incorporated

Analysis

Usta Foundation Incorporated is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in December 1994, 32 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, Usta Foundation Incorporated reported income of $12.9m and spending of $14.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $12.9m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usta Foundation Incorporated 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 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Tangerine Sports Association Inc ($12.9m), Great Lakes Indian Fish and Wildlife Commission ($13.0m) and Big Sky Conference Inc ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $26.3m against liabilities of $3.7m, net assets of $22.6m.