Lexington Challenger Tennis Charity Inc

Analysis

Lexington Challenger Tennis Charity Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2013, 13 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, Lexington Challenger Tennis Charity Inc reported income of $206k and spending of $216k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $241k to $206k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 5243%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lexington Challenger Tennis Charity Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include South Summit Trails Foundation ($206k), Bladen We Care Foundation ($206k) and Spring Valley Athletic Booster Club Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.