Fred Wells Tennis & Education Center Inc

Analysis

Fred Wells Tennis & Education Center Inc is a registered charity in United States, based in Fort Snelling, MN. It received its IRS tax-exemption ruling in June 2000, 26 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, Fred Wells Tennis & Education Center Inc reported income of $3.1m and spending of $2.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Fred Wells Tennis & Education Center Inc 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 88th percentile within MN. Charities of a similar size with the same main cause include Shoot the Puck Foundation Inc ($3.1m), Roudenbush Community Center Inc ($3.1m) and Camp Pasquaney ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $128k (4.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.5m against liabilities of $461k, net assets of $4.1m. It reported 62 employees.