Love & Love Tennis Foundation Inc

Analysis

Love & Love Tennis Foundation Inc is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in March 2016, 10 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 2023, Love & Love Tennis Foundation Inc reported income of $163k and spending of $173k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $205k to $163k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Love & Love Tennis Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Future Youth Records Incorporated ($163k), Education for Sharing Inc ($163k) and Run the Race Club ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.