Sioux Falls Tennis Association Inc

Analysis

Sioux Falls Tennis Association Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sioux Falls Tennis Association Inc reported income of $365k and spending of $153k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $731k to $365k (-50%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 137% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sioux Falls Tennis Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within SD. Charities of a similar size with the same main cause include Jensen Camp Foundation ($365k), City of Champions Inc ($365k) and Az Revolution Soccer Club Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $2,000 (1.3% of expenses). Other salaries and wages came to $32k. At year end it held assets of $160k against liabilities of $769k, net assets of -$609k. It reported 17 employees.