Charlotte Tennis Association Inc

Analysis

Charlotte Tennis Association Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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, Charlotte Tennis Association Inc reported income of $430k and spending of $269k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $430k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte Tennis Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Silver Lake Senior Housing Association ($429k), Habitat for Humanity International ($430k) and Northwest Alliance for Alternative Media & Education ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.1% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $84k (31% of expenses). Other salaries and wages came to $53k. At year end it held assets of $959k against liabilities of $0, net assets of $959k. It reported 2 employees.