Greater Newark Tennis & Education is a 501(c)(3) organization based in Springfield, New Jersey, registered in 2018, with $120,584 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$121K
▼ 0.7% vs prior year
Recreation median: $129K
Expenses (FY2024)
$85K
Net assets
$218K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Greater Newark Tennis & Education— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Greater Newark Tennis & Education: 31 mo reserves · +30% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Greater Newark Tennis & Education— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Greater Newark Tennis & Education: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $47K (FY2018) to $121K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
29.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$218K
Net assets
$218K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $120,584▼0.7% | $84,928▲17.9% | $218,264▲19.5% | $218,264▲19.5% | 990EZ |
| 2023 | $121,433 | $72,015▼30.8% | $182,608▲42.3% | $182,608▲42.3% | 990EZ |
| 2022 | $121,382▲9.1% | $104,120▲44.2% | $128,331▲15.5% | $128,331▲10.6% | 990EZ |
| 2021 | $111,277▲14.5% | $72,185▲127% | $111,069▲54.3% | $116,069▲41.6% | 990EZ |
| 2020 | $97,195▲98.1% | $31,765▼36.5% | $71,977▲999% | $81,977▲280% | 990EZ |
| 2019 | $49,066▲5.2% | $50,063▲28.1% | $6,547▼13.2% | $21,547▼21.8% | 990EZ |
| 2018 | $46,625 | $39,081 | $7,544 | $27,544 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
2 grants to Greater Newark Tennis & Education totaling $13K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Programs | 2020 | $7,500 |
| American Endowment Foundation | Programs | 2019 | $5,000 |
Explore more
Data for Greater Newark Tennis & Education (EIN 82-4810511) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.