N โ€” Recreation & SportsEIN: 560788165ยท Ruling Year: 1965

Olde Providence Racquet Club

Charlotte, North Carolina

A-Health Score
78A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$2.5M
Total Revenue
๐Ÿ“Š
$2.5M
Total Expenses
๐Ÿฆ
$4.9M
Net Assets
๐Ÿ“‹
$1.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+6.1%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+0.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.94
Net assets divided by total expenses
Liabilities-to-Assets
26.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,510,943โ†‘6%$2,506,757โ†‘12%$6,618,412โ†‘3%
2022$2,367,275โ†‘4%$2,228,835โ†‘8%$6,436,877โ†‘3%
2021$2,273,943โ†‘8%$2,069,676โ†“5%$6,237,149โ†‘4%
2020$2,104,307โ†“10%$2,189,006โ†“9%$5,968,780โ†‘1%
2019$2,340,409โ†‘7%$2,416,987โ†‘15%$5,891,720โ†“5%
2018$2,197,237โ†‘3%$2,096,662โ†“1%$6,221,919โ†‘6%
2017$2,128,137โ†‘7%$2,111,929โ†‘4%$5,877,138โ†‘2%
2016$1,995,207โ†“3%$2,036,065โ†“4%$5,751,140
2015$2,058,235โ†‘10%$2,121,341โ†‘6%$5,735,539โ†‘1%
2014$1,873,454โ†‘11%$1,998,192โ†‘6%$5,678,977โ†‘1%
2013$1,693,915โ†‘5%$1,878,512โ†“22%$5,630,091โ†‘9%
2012$1,617,086โ†‘3%$2,410,933โ†‘26%$5,151,818โ†“4%
2011$1,570,698$1,910,464$5,343,038

Frequently Asked Questions

What does Olde Providence Racquet Club do?โ–ผ

Olde Providence Racquet Club is a recreation & sports nonprofit organization based in North Carolina. It is classified under NTEE code N50 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Olde Providence Racquet Club financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Olde Providence Racquet Club has a score of 78/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Olde Providence Racquet Club generate?โ–ผ

Olde Providence Racquet Club reports $2.7M in annual revenue and holds $7.0M in total assets, based on IRS filings.

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Olde Providence Racquet Club โ€” Charlotte, NC | GiveScope