Racquet Up Detroit

Analysis

Racquet Up Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 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 July 2023, Racquet Up Detroit reported income of $3.9m and spending of $5.5m, spending 140% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.7m to $3.9m (+127%), an average of +23% a year. The sharpest change came in the year to July 2020, when income rose by 209%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Racquet Up Detroit sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include USA Swimming Foundation ($3.9m), National Winter Activity Center ($3.9m) and Amateur Hockey Assoc Illinois Inc ($3.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $238k (4.3% of expenses). Other salaries and wages came to $782k. At year end it held assets of $12.7m against liabilities of $111k, net assets of $12.6m. It reported 35 employees.