Greater Knoxville Tennis Association Inc

Analysis

Greater Knoxville Tennis Association Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 1979, 47 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, Greater Knoxville Tennis Association Inc reported income of $135k and spending of $122k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $135k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Knoxville Tennis Association Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include PTA North Carolina Congress ($135k), New Hampshire Breast Cancer Coalition ($135k) and Naral Pro-Choice Minnesota Foundation ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $317k against liabilities of $1,398, net assets of $316k.