Friends of Miami Tennis Inc

Analysis

Friends of Miami Tennis Inc is a registered charity in United States, based in Pinecrest, FL. It received its IRS tax-exemption ruling in November 2008, 18 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, Friends of Miami Tennis Inc reported income of $167k and spending of $231k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $419k to $167k (-60%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Miami Tennis Inc 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 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Fruitland Falcons Football Inc ($167k), Verona Youth Softball Incorporated ($167k) and Lake of the Ozarks Soccer Association ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $25k against liabilities of $20k, net assets of $4,871.