Memphis Tennis Association

Analysis

Memphis Tennis Association is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in February 1984, 42 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, Memphis Tennis Association reported income of $165k and spending of $146k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $165k (+12%), an average of +12% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Memphis Tennis Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include Amateur Athletic Union of the United States Inc ($165k), Mansfield Youth Basketball Association Inc ($166k) and Woodstock Thunder Youth Football & Cheerleading ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% and program service revenue 92% of the total. At year end it held assets of $140k against liabilities of $226, net assets of $140k.