Texas Tennis Museum & Hall of Fame

Analysis

Texas Tennis Museum & Hall of Fame is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Texas Tennis Museum & Hall of Fame reported income of $88k and spending of $57k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $88k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Tennis Museum & Hall of Fame sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Nevada Veterans Memorial Plaza ($88k), Tavares Theater Company ($88k) and Walters Art Museum Foundation Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 21% of the total. At year end it held assets of $374k against liabilities of $0, net assets of $374k.