Capital Region Youth Tennis Foundation Inc

Analysis

Capital Region Youth Tennis Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1991, 35 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, Capital Region Youth Tennis Foundation Inc reported income of $765k and spending of $519k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $852k to $765k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Capital Region Youth Tennis Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Greater Boise Aquatics Foundation Inc ($764k), Friends of Janes Carousel Inc ($765k) and Southern Kentucky Soccer Inc ($763k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $86k (17% of expenses). Other salaries and wages came to $230k. At year end it held assets of $2.5m against liabilities of $16k, net assets of $2.5m. It reported 30 employees.