Advantage Cleveland Tennis and Education Inc

Analysis

Advantage Cleveland Tennis and Education Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 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 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, Advantage Cleveland Tennis and Education Inc reported income of $417k and spending of $368k, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $218k to $417k (+91%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Advantage Cleveland Tennis and Education Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include New Life Island ($417k), Sloane Stephens Foundation Inc ($417k) and Arizona Cycling Association ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.5% of the total. Other salaries and wages came to $215k. At year end it held assets of $179k against liabilities of $0, net assets of $179k. It reported 52 employees.