XS Tennis and Education Foundation

Analysis

XS Tennis and Education Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, XS Tennis and Education Foundation reported income of $2.7m and spending of $2.9m, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.6m to $2.7m (+68%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, XS Tennis and Education Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Sports Catalyst Inc ($2.7m), Team First Inc ($2.7m) and Socal Athletics Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Other salaries and wages came to $416k. At year end it held assets of $21.2m against liabilities of $18.8m, net assets of $2.3m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.