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Kentucky · Nonprofit

LEXINGTON CHALLENGER TENNIS CHARITY INC

LEXINGTON CHALLENGER TENNIS CHARITY INC (Kentucky) receives grants from 10 organizations whose IRS filings report $213,370 to it, the largest being HILARY BOONE FOUNDATION INC ($60,000). 8 of them have funded it in more than one year.

Revenue FY2024
$457k
Funders on record
10
Grants received
$213k
Net assets
$96k
8/10 repeat funderspeak grant-dependency 19%
01What it does

What Lexington Challenger Tennis Charity Inc does

Mission

To encourage the central kentucky community to maintain healthy lifestyles by promoting tennis and hosting an annual top level mens and womens' professional tennis tournament.

As stated on its FY2024 Form 990.

Program

  1. Hosting a usta professional circuit atp and wtf professional tennis tournament with top talent men and women tennis competition to the central kentucky community that contributes to the growth and development of the sport.

    $400,332 spentof which $25,634 as grants$337,930 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $400,332.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($237k) Expenses 100 ($245k) Net assets 100 ($54k)2019 Revenue 102 ($241k) Expenses 91 ($222k) Net assets 134 ($73k)2020 Revenue 2 ($4k) Expenses 5 ($11k) Net assets 121 ($66k)2021 Revenue 90 ($213k) Expenses 79 ($195k) Net assets 156 ($85k)2022 Revenue 52 ($124k) Expenses 63 ($155k) Net assets 99 ($54k)2023 Revenue 87 ($206k) Expenses 88 ($216k) Net assets 81 ($44k)2024 Revenue 193 ($457k) Expenses 165 ($404k) Net assets 177 ($96k)
2018201920202021202220232024
Revenue (193)Expenses (165)Net assets (177)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $44k to $100k (+128%).

$54k
$73k
$66k
$104k
$54k
$44k
$100k
2018201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

26% of LEXINGTON CHALLENGER TENNIS CHARITY INC’s revenue is contributions — more donation-reliant than the typical peer (18% for the typical peer).

This organization
Typical peer · 16,168 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.

−$8k
’18
$19k
’19
−$7k
’20
$19k
’21
−$31k
’22
−$10k
’23
$52k
’24
2.9
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

201820192020202120232024
Listed14161515135
Joined·+2+0+0·+0
No longer listed·010·8
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 1 funder to 4 funders, grant income rose $3k → $40k.

2 of 10 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 36% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of LEXINGTON CHALLENGER TENNIS CHARITY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LEXINGTON CHALLENGER TENNIS CHARITY INC leans on a few funders — its largest provides 28% of grant income and the top three 64%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

36% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LEXINGTON CHALLENGER TENNIS CHARITY INC.

28%
largest funder
64%
top three
~6
effective funders

Largest funder’s share by year: 2018 100% · 2019 56% · 2021 84% · 2022 49% · 2023 50% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

0% of LEXINGTON CHALLENGER TENNIS CHARITY INC's funders are still giving 2 years after their first grant; 80% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

98% of LEXINGTON CHALLENGER TENNIS CHARITY INC's grant income comes from Kentucky funders.

OH
KY

In-state vs out-of-state, by year

’18
’19
’21
’22
’23
Kentucky out of state home

Funder states come from each funder’s own filing. $78k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

LEXINGTON CHALLENGER TENNIS CHARITY INC runs a healthier operating margin than half of the 15,520 recreation & sports nonprofits its size.

Operating margin11% · above the median
Months of reserve2.9mo · below the median
Revenue growth (annualized)12% · above the median

this organization peer median middle 50% of peers· 15,520 recreation & sports nonprofits $100k–$1M, FY2024

Organizations like LEXINGTON CHALLENGER TENNIS CHARITY INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Kentucky

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

99% of spending goes to programs.

Program 99%Management 1%Fundraising 0%

Governance

13
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

KY

Screen this organization

A dated, signed PDF of the compliance screen for LEXINGTON CHALLENGER TENNIS CHARITY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LEXINGTON CHALLENGER TENNIS CHARITY INC?
LEXINGTON CHALLENGER TENNIS CHARITY INC (Kentucky) receives grants from 10 organizations whose IRS filings report $213,370 to it, the largest being HILARY BOONE FOUNDATION INC ($60,000). 8 of them have funded it in more than one year.
How many funders does LEXINGTON CHALLENGER TENNIS CHARITY INC have?
IRS filings report 10 organizations giving $213,370 in grants to LEXINGTON CHALLENGER TENNIS CHARITY INC, 8 of which have funded it in more than one year.
Who is the largest funder of LEXINGTON CHALLENGER TENNIS CHARITY INC?
HILARY BOONE FOUNDATION INC is the largest funder on record, with $60,000 in grants. The full list of funders is on this page.
How can an organization like LEXINGTON CHALLENGER TENNIS CHARITY INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing