Usta Mid-Atlantic Foundation

Analysis

Usta Mid-Atlantic Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 2019, 7 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, Usta Mid-Atlantic Foundation reported income of $6.6m and spending of $6.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $6.6m (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usta Mid-Atlantic Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Shelby Farms Park Conservancy ($6.6m), Jewish Community Center of Atlantic County ($6.6m) and Massachusetts Interscholastic Athletic Association Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $662k (9.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.0m against liabilities of $965k, net assets of $9.0m. It reported 66 employees.