United States Squash Racquets Association Inc

Analysis

United States Squash Racquets Association Inc is a registered charity in United States, based in Philadelphia, PA. 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 June 2023, United States Squash Racquets Association Inc reported income of $8.2m and spending of $10.6m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.7m to $8.2m (-51%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. 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, United States Squash Racquets Association Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Camp Ramah in the Poconos ($8.1m), Woodall Rodgers Park Foundation ($8.2m) and Endowment Fund of Maccabi USA Sports for Israel Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.5m (14% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $37.3m against liabilities of $5.3m, net assets of $32.0m. It reported 69 employees.