Connecticut Section Pga Golf Foundation Inc

Analysis

Connecticut Section Pga Golf Foundation Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connecticut Section Pga Golf Foundation Inc reported income of $481k and spending of $464k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $481k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Connecticut Section Pga Golf Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include National Cycling Center Inc ($481k), Camp Rise Above Inc ($481k) and Labette County Fair Association ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 52% of the total. At year end it held assets of $586k against liabilities of $8,372, net assets of $577k.