Washington Tennis & Education

Analysis

Washington Tennis & Education is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1956, 70 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Washington Tennis & Education reported income of $2.9m and spending of $3.5m, spending 123% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $17.6m to $2.9m (-84%), an average of -36% a year. The sharpest change came in the year to August 2020, when income dropped by 88%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Washington Tennis & Education sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 72nd percentile within DC. Charities of a similar size with the same main cause include Nebraska 4-H Foundation ($2.8m), Olivet Boys and Girls Club of Reading and Berks County Inc ($2.9m) and Minnesota Alliance with Youth ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $323k (9.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $24.3m against liabilities of $82k, net assets of $24.2m. It reported 89 employees.