Racquet & Tennis Club
Racquet & Tennis Club maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 131194010 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.0M |
| Total Expenses | $16.8M |
| Program Spending | 60% |
| Net Assets | $18.6M |
| Transparency Score | 40/100 |
Is Racquet & Tennis Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Racquet & Tennis Club directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Racquet & Tennis Club
Racquet & Tennis Club (EIN: 131194010) is a nonprofit organization based in New York, NY. The organization reported total revenue of $24.0M and total assets of $25.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Racquet & Tennis Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Racquet & Tennis Club is a large nonprofit that has been operating for 87 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.8M |
| Total Expenses | $16.8M |
| Surplus / Deficit | $-1,024,284 |
| Total Assets | $25.1M |
| Total Liabilities | $6.5M |
| Net Assets | $18.6M |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 26.0% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2023, Racquet & Tennis Club reported a deficit of $1.0M with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Racquet & Tennis Club's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +11.3% | -1.4% |
| 2022 | +10.9% | +20.9% | -4.2% |
| 2021 | +0.5% | +10.5% | +18.1% |
| 2020 | -7.9% | -26.8% | +6.8% |
| 2019 | -1.5% | +3.6% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1939 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Racquet & Tennis Club with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Racquet & Tennis Club allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not directly compensated by the organization, which is a positive financial practice for resource retention.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Racquet & Tennis Club's IRS 990 filings:
- NTEE Code Unknown, hindering mission assessment
- Lack of detailed program service accomplishments in filings
- Occasional operating deficits, such as $1.02M in 2023
- Ambiguous charitable purpose for a 'nonprofit' classification
Strengths
The following positive indicators were identified for Racquet & Tennis Club:
- Consistent financial reporting over 14 filings
- No reported officer compensation, indicating efficient use of funds for leadership
- Healthy asset base consistently exceeding liabilities (e.g., $25M assets vs. $6.5M liabilities in 2023)
- Stable revenue streams over many years
Frequently Asked Questions about Racquet & Tennis Club
Is Racquet & Tennis Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Racquet & Tennis Club (EIN: 131194010) significant concerns. Mission Score: 40/100. 4 red flags identified, 4 strengths noted.
How does Racquet & Tennis Club spend its money?
Racquet & Tennis Club directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Racquet & Tennis Club tax-deductible?
Racquet & Tennis Club is registered as a tax-exempt nonprofit (EIN: 131194010). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Racquet & Tennis Club's spending goes to programs?
Racquet & Tennis Club directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Racquet & Tennis Club located?
Racquet & Tennis Club is headquartered in New York, New York and files with the IRS under EIN 131194010.
How many years of IRS 990 filings does Racquet & Tennis Club have?
Racquet & Tennis Club has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $24.0M in total revenue.
Is Racquet & Tennis Club a good charity?
Based on the available IRS 990 data, the Racquet & Tennis Club operates more like a private social club than a public charity. Its financial activities primarily revolve around member services and club maintenance, rather than broad public benefit programs. Therefore, it's not typically evaluated as a 'charity' in the traditional sense.
What is the primary purpose of this organization?
While the NTEE code is unknown, the financial patterns (consistent revenue, expenses, and assets typical of a club) suggest its primary purpose is to provide facilities and services to its members, rather than engaging in public charitable activities.
How does its spending efficiency compare to other nonprofits?
Direct comparison to public charities is difficult due to its likely nature as a private club. Without detailed program service expenses, a standard efficiency metric (like program spending ratio) cannot be accurately calculated or compared.
Are there any concerns about its financial stability?
The organization generally appears financially stable, with assets consistently exceeding liabilities. While there was a slight deficit in 2023 (expenses $16.8M vs. revenue $15.7M), this is not indicative of long-term instability given its overall asset base of $25M.
Why is officer compensation consistently zero?
The consistent reporting of 0% for officer compensation suggests that the organization's officers may be volunteers, or their compensation is structured in a way that is not reported as direct officer compensation on the 990, or they are compensated through other entities.
Filing History
IRS 990 filing history for Racquet & Tennis Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Racquet & Tennis Club's revenue has grown by 30.6%, moving from $12.1M to $15.8M. Total assets increased by 133.5% over the same period, from $10.7M to $25.1M. Total functional expenses rose by 28.5%, from $13.1M to $16.8M. In its most recent filing year (2023), Racquet & Tennis Club reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $6.5M in liabilities against $25.1M in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $18.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.8M | $16.8M | $25.1M | $6.5M | — | — |
| 2022 | $15.9M | $15.1M | $25.4M | $6.9M | — | — |
| 2021 | $14.3M | $12.5M | $26.5M | $7.2M | — | View 990 |
| 2020 | $14.2M | $11.3M | $22.5M | $6.3M | — | — |
| 2019 | $15.5M | $15.4M | $21.1M | $6.8M | — | View 990 |
| 2018 | $15.7M | $14.9M | $19.9M | $7.2M | — | View 990 |
| 2017 | $14.4M | $14.6M | $22.2M | $9.4M | — | View 990 |
| 2016 | $13.5M | $13.9M | $20.8M | $9.1M | — | View 990 |
| 2015 | $13.2M | $12.6M | $19.3M | $7.4M | — | View 990 |
| 2014 | $13.3M | $12.9M | $19.4M | $7.7M | — | View 990 |
| 2013 | $13.1M | $12.7M | $18.6M | $7.8M | — | View 990 |
| 2012 | $12.5M | $11.9M | $17.2M | $7.8M | — | View 990 |
| 2011 | $12.4M | $13.5M | $10.7M | $8.1M | — | View 990 |
| 2010 | $12.1M | $13.1M | $10.7M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.8M, expenses of $16.8M, and assets of $25.1M (revenue -0.5% year-over-year).
- 2022: Revenue of $15.9M, expenses of $15.1M, and assets of $25.4M (revenue +10.9% year-over-year).
- 2021: Revenue of $14.3M, expenses of $12.5M, and assets of $26.5M (revenue +0.5% year-over-year).
- 2020: Revenue of $14.2M, expenses of $11.3M, and assets of $22.5M (revenue -7.9% year-over-year).
- 2019: Revenue of $15.5M, expenses of $15.4M, and assets of $21.1M (revenue -1.5% year-over-year).
- 2018: Revenue of $15.7M, expenses of $14.9M, and assets of $19.9M (revenue +8.7% year-over-year).
- 2017: Revenue of $14.4M, expenses of $14.6M, and assets of $22.2M (revenue +7.0% year-over-year).
- 2016: Revenue of $13.5M, expenses of $13.9M, and assets of $20.8M (revenue +2.5% year-over-year).
- 2015: Revenue of $13.2M, expenses of $12.6M, and assets of $19.3M (revenue -1.2% year-over-year).
- 2014: Revenue of $13.3M, expenses of $12.9M, and assets of $19.4M (revenue +1.5% year-over-year).
- 2013: Revenue of $13.1M, expenses of $12.7M, and assets of $18.6M (revenue +5.0% year-over-year).
- 2012: Revenue of $12.5M, expenses of $11.9M, and assets of $17.2M (revenue +0.6% year-over-year).
- 2011: Revenue of $12.4M, expenses of $13.5M, and assets of $10.7M (revenue +2.7% year-over-year).
- 2010: Revenue of $12.1M, expenses of $13.1M, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Racquet & Tennis Club:
Data Sources and Methodology
This transparency report for Racquet & Tennis Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.