Montgomery County Tennis and Education Foundation Inc

Analysis

Montgomery County Tennis and Education Foundation Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in May 2006, 20 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, Montgomery County Tennis and Education Foundation Inc reported income of $84k and spending of $52k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $90k to $84k (-6.4%), an average of -2.2% a year. The sharpest change came in the year to December 2023, when income rose by 408%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Montgomery County Tennis and Education Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Memorial Park District Youth Football & Cheerleader Booster Clu ($84k), Headland Bass Team ($84k) and Belmont Youth Softball Association ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $51k against liabilities of $1,233, net assets of $50k.