Community Indoor Tennis Center Inc

Analysis

Community Indoor Tennis Center Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in November 2013, 13 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, Community Indoor Tennis Center Inc reported income of $2.3m and spending of $1.0m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $631k to $2.3m (+266%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 222%. Over the whole period it spent 62% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Community Indoor Tennis Center Inc 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 87th percentile, and in the 86th percentile within SD. Charities of a similar size with the same main cause include Seattle Metropolitan Aquatic Club Smac ($2.3m), Streetsquash Inc ($2.3m) and Phoenix Final Four Local Organizing Committee ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $131k (13% of expenses). Other salaries and wages came to $304k. At year end it held assets of $8.6m against liabilities of $2.2m, net assets of $6.4m. It reported 31 employees.