K B Tennis Association Inc

Analysis

K B Tennis Association Inc is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in October 1981, 45 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 July 2023, K B Tennis Association Inc reported income of $322k and spending of $273k, spending 85% of its income. Across the 3 years on record, from July 2021 to July 2023, income grew from $302k to $322k (+6.6%), an average of +3.2% a year. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, K B Tennis Association Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Congressional Chorus ($322k), Help for Refugees ($322k) and SRC Living Legacy Foundation ($322k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.4% and program service revenue 65% of the total. Other salaries and wages came to $118k. At year end it held assets of $312k against liabilities of $18k, net assets of $294k. It reported 5 employees.