Lenny Simpson Tennis and Education Foundation Inc

Analysis

Lenny Simpson Tennis and Education Foundation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Lenny Simpson Tennis and Education Foundation Inc reported income of $144k and spending of $118k, spending 82% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $424k to $144k (-66%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Lenny Simpson Tennis and Education Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include She Rock She Rock ($144k), Partnership and Inspiration for Engineering Education and Entrepre ($144k) and Hill Top Equestrian Center ($144k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (51% of expenses). At year end it held assets of $795k against liabilities of $35k, net assets of $760k. It reported 1 employees.