Richmond Tennis Association

Analysis

Richmond Tennis Association is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1960, 66 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, Richmond Tennis Association reported income of $193k and spending of $186k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $193k (-1.4%), an average of -1.4% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Tennis Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include United Sports Youth League Inc ($193k), Aubrey Area Youth Sports Association ($193k) and Montour Delong Fair Association ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. At year end it held assets of $245k against liabilities of $238k, net assets of $7,013.