Next Level Tennis and Education

Analysis

Next Level Tennis and Education is a registered charity in United States, based in Chesapeake, VA. 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, Next Level Tennis and Education reported income of $149k and spending of $109k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $149k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Next Level Tennis and Education 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 46th percentile within VA. Charities of a similar size with the same main cause include Honolulu Water Polo ($149k), Muskego Warriors Shooting Team ($149k) and Nehemiah Builds Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $41k against liabilities of $17k, net assets of $24k.