Legacy Youth Tennis and Education

Analysis

Legacy Youth Tennis and Education is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1954, 72 years ago. 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 August 2023, Legacy Youth Tennis and Education reported income of $5.5m and spending of $4.7m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $5.5m (+105%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 55%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Legacy Youth Tennis and Education sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Tuxedo Park School ($5.5m), Legal Council for Health Justice ($5.5m) and Jewish Association for Community Living ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $273k (5.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.4m against liabilities of $387k, net assets of $9.1m. It reported 205 employees.