Cleveland Platform Tennis Foundation

Analysis

Cleveland Platform Tennis Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cleveland Platform Tennis Foundation reported income of $150k and spending of $124k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $150k (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 27% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cleveland Platform Tennis Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Western Pennsylvania Race Club ($150k), Karen Football Association ($150k) and North Carolina Youth Rodeo Association ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $893k against liabilities of $91k, net assets of $802k.