Kennebec Valley Tennis Association

Analysis

Kennebec Valley Tennis Association is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in July 2014, 12 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 June 2023, Kennebec Valley Tennis Association reported income of $346k and spending of $304k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $314k to $346k (+10%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kennebec Valley Tennis Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Long Island Youth Sports Inc ($345k), American River Futbol Club ($346k) and Mountain Football Conference ($345k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.0% and program service revenue 88% of the total. Other salaries and wages came to $152k. At year end it held assets of $409k against liabilities of $7,857, net assets of $401k. It reported 21 employees.