Usta Midwest Tennis & Education Foundation Inc

Analysis

Usta Midwest Tennis & Education Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2001, 25 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, Usta Midwest Tennis & Education Foundation Inc reported income of $1.1m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $1.1m (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usta Midwest Tennis & Education Foundation Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include High Valley Community Center Inc ($1.1m), Palisades Parks Conservancy Inc ($1.1m) and Disabled Sports USA ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 34% of the total. Other salaries and wages came to $347k. At year end it held assets of $4.2m against liabilities of $1.3m, net assets of $2.9m. It reported 14 employees.