North Carolina Tennis Foundation Inc

Analysis

North Carolina Tennis Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 1963, 63 years ago. 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, North Carolina Tennis Foundation Inc reported income of $379k and spending of $310k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $379k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 109%. 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, North Carolina Tennis Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include International Action Ministries Inc ($379k), Hospitality Apartments ($379k) and Kearny County Community Foundation ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 28% of the total. Other salaries and wages came to $78k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 1 employees.