Tennis Foundation of St Petersburg Inc

Analysis

Tennis Foundation of St Petersburg Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in September 2002, 24 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 September 2023, Tennis Foundation of St Petersburg Inc reported income of $642k and spending of $624k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $525k to $642k (+22%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tennis Foundation of St Petersburg Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Great Wolf Swim Club ($642k), Grand Rapids Amateur Hockey Association Inc ($642k) and World Cube Association ($641k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $101k (16% of expenses). Other salaries and wages came to $275k. At year end it held assets of $667k against liabilities of $75k, net assets of $592k. It reported 15 employees.