Innercity Tennis Foundation

Analysis

Innercity Tennis Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1954, 72 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, Innercity Tennis Foundation reported income of $2.7m and spending of $3.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $2.7m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Innercity Tennis Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Socal Elite FC a Non Profit Organization ($2.7m), Occoquan Swimming Inc ($2.7m) and Anchorage Sportsplex Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $254k (7.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.6m against liabilities of $643k, net assets of $4.0m. It reported 130 employees.