The Cincinnati Tennis Foundation

Analysis

The Cincinnati Tennis Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2018, 8 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, The Cincinnati Tennis Foundation reported income of $595k and spending of $315k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $301k to $595k (+97%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 51% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Cincinnati Tennis Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include North American Gay Amateur Athletic ($595k), Lakeshore Youth Hockey Organization Inc ($595k) and Gila County Fair Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 18% of the total. Other salaries and wages came to $177k. At year end it held assets of $803k against liabilities of $0, net assets of $803k. It reported 14 employees.