Tennis Outreach Programs of Puget Sound

Analysis

Tennis Outreach Programs of Puget Sound is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in April 2003, 23 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 September 2023, Tennis Outreach Programs of Puget Sound reported income of $3.1m and spending of $2.7m, spending 85% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $3.1m (+65%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tennis Outreach Programs of Puget Sound 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 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Solano County Fair Association ($3.1m), St Croix Soccer Club Inc ($3.1m) and New Jersey Colonials Hockey Association Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $244k (9.2% of expenses). Other salaries and wages came to $252k. At year end it held assets of $1.9m against liabilities of $377k, net assets of $1.5m. It reported 35 employees.