Gainesville Area Community Tennis Association Inc

Analysis

Gainesville Area Community Tennis Association Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in November 2009, 17 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, Gainesville Area Community Tennis Association Inc reported income of $671k and spending of $730k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $671k (+162%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gainesville Area Community Tennis Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Maranatha Camp and Conference Center Inc ($671k), Oceanside United Soccer Club Inc ($671k) and Texas Bulldogs ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $67k (9.2% of expenses). Other salaries and wages came to $319k. At year end it held assets of $213k against liabilities of $52k, net assets of $161k. It reported 41 employees.