Princeton Tennis Program

Analysis

Princeton Tennis Program is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in August 1968, 58 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 March 2024, Princeton Tennis Program reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.5m to $1.7m (+14%), an average of +2.7% a year. The sharpest change came in the year to March 2022, when income rose by 87%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Princeton Tennis Program sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include North Country Camps Foundation Inc ($1.7m), Recreation Council of Evesham Township Inc ($1.7m) and Peninsula Golf Association Inc ($1.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 0.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $128k (7.4% of expenses). Other salaries and wages came to $775k. At year end it held assets of $2.8m against liabilities of $589k, net assets of $2.2m. It reported 40 employees.