Recreation & Sports
(N40)
IRS Verified
DX Registered
990 on File
FRED WELLS TENNIS & EDUCATION CENTER INC
Financial strength (30%)
81/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
WE'RE A 501(C)(3) NONPROFIT WITH AN INNOVATIVE STRUCTURE IN HELPING US ACHIEVE OUR MISSION OF BRINGING PEOPLE TOGETHER OF ALL AGES, ABILITIES, AND BACKGROUNDS TO EMBRACE THE LIFELONG GAME OF TENNIS WHILE SERVING UNDER-RESOURCED YOUTH WITH THE SUPPORT OF THE COMMUNITY.
Financial Overview — FY 2024
$3.3M
Total Revenue
$3.1M
Total Expenses
$4.3M
Net Assets
64
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.5%
Fundraising Efficiency
513.1%
Operating Reserve
16.66x
Liability-to-Asset
7.3%
Revenue Diversification
80.3%
Executive Compensation
$98K
Compared with Peers
FY 2024
Compared with 1,615 similar organizations
(United States, Recreation & Sports, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.5% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.5% | 9.7% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.0% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
513.1% | 37.7% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
16.7 mo | 8.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.3% | 11.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
80.3% | 89.6% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
8.1% | 9.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.5% | 9.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
6.6% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.3M | $3.1M | $4.3M | 78.5% | 64 |
| 2023 | $3.1M | $2.8M | $4.1M | 78.3% | 62 |
| 2022 | $2.8M | $2.7M | $3.8M | 78.8% | 52 |
| 2021 | $2.9M | $2.5M | N/A | — | 45 |
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