Winston Salem Tennis Incorporated

Analysis

Winston Salem Tennis Incorporated is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 1965, 61 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, Winston Salem Tennis Incorporated reported income of $90k and spending of $53k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $159k to $90k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Winston Salem Tennis Incorporated sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include The John Quadrino Foundation ($90k), Friends of the Findlay Hancock County Public Library Inc ($90k) and Joint Review Committee on Education in Cardiovascular Technology Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 55% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.