Laredo Tennis Association Inc

Analysis

Laredo Tennis Association Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in June 2005, 21 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, Laredo Tennis Association Inc reported income of $81k and spending of $63k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $81k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laredo Tennis Association Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Igbo ($81k), Boys Baseball of Cooke County Texas Inc ($81k) and Southeastern Indiana Volleyball Club ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.