Prince Georges Tennis and Education Foundation Inc

Analysis

Prince Georges Tennis and Education Foundation Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in May 1995, 31 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, Prince Georges Tennis and Education Foundation Inc reported income of $150k and spending of $132k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $150k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Prince Georges Tennis and Education Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include J-Hawk Soccer Club ($150k), Casper Boxing Club ($150k) and San Marcos Youth Basketball ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $68k. At year end it held assets of $205k against liabilities of $6,550, net assets of $198k. It reported 11 employees.