International Tennis Hall of Fame Incorporated

Analysis

International Tennis Hall of Fame Incorporated is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in January 2008, 18 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, International Tennis Hall of Fame Incorporated reported income of $32.7m and spending of $15.6m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.8m to $32.7m (+84%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, International Tennis Hall of Fame 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 98th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Eastern States Exposition ($32.2m), Asphalt Green Inc ($33.6m) and United States Ski Association ($31.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $607k (3.9% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $94.1m against liabilities of $2.6m, net assets of $91.5m. It reported 140 employees.