Greensboro Tennis Organization Inc

Analysis

Greensboro Tennis Organization Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 2018, 8 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, Greensboro Tennis Organization Inc reported income of $211k and spending of $163k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $211k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greensboro Tennis Organization Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Upper Valley Soccer Foundation Inc ($211k), Sunset Little League ($211k) and Mitchell Baseball Association ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $37k (23% of expenses). At year end it held assets of $104k against liabilities of $495, net assets of $103k. It reported 1 employees.