Greater Newark Tennis & Education

Analysis

Greater Newark Tennis & Education is a registered charity in United States, based in Springfield, NJ. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Greater Newark Tennis & Education reported income of $121k and spending of $72k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $121k (+0.0%), an average of +0.0% a year. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Greater Newark Tennis & Education sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Suncoast Cheerleading Association ($121k), Long Island Foundation for Education & Sports Inc ($121k) and Upper Township Wrestling Association ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.