Usta Player Development Incorporated

Analysis

Usta Player Development Incorporated is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Usta Player Development Incorporated reported income of $12.7m and spending of $14.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $19.9m to $12.7m (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 50420%. Over the whole period it spent 125% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usta Player Development Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Wisconsin Interscholastic Athletic Association ($12.7m), Track Town USA Inc ($12.8m) and Century Club Charities Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $754k (5.2% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $429k against liabilities of $15.0m, net assets of -$14.6m.