Indianapolis Tennis and Education Foundation Inc

Analysis

Indianapolis Tennis and Education Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1975, 51 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 February 2023, Indianapolis Tennis and Education Foundation Inc reported income of $115k and spending of $199k, spending 174% of what it took in. Across the 4 years on record, from February 2020 to February 2023, income fell from $397k to $115k (-71%), an average of -34% a year. The sharpest change came in the year to February 2023, when income dropped by 73%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indianapolis Tennis and Education Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Camp Caleb Christian Association an D Conference Center Inc ($115k), Friends of Bowers Farm Corporation ($115k) and Capital Crush Fast Pitch Softball ($115k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $42k (21% of expenses). Other salaries and wages came to $103k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 24 employees.