Kentucky Tennis Association Endowment Fund Inc

Analysis

Kentucky Tennis Association Endowment Fund Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kentucky Tennis Association Endowment Fund Inc reported income of $83k and spending of $36k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $83k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 39% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Tennis Association Endowment Fund Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Golazo Youth Sports Scholarship Foundation ($83k), Sheltered Yoga ($83k) and Munster Girls Softball Incorporated ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 4.8% of the total. At year end it held assets of $321k against liabilities of $1,418, net assets of $320k.