The Connecticut Golf Foundation Inc

Analysis

The Connecticut Golf Foundation Inc is a registered charity in United States, based in Cromwell, CT. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Connecticut Golf Foundation Inc reported income of $1.4m and spending of $1.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Connecticut Golf Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Larimer County Partners Inc ($1.4m), FP Youthoutcry Foundation Inc ($1.4m) and Menifee Valley Boys & Girls Club ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $101k (8.1% of expenses). Other salaries and wages came to $759k. At year end it held assets of $3.0m against liabilities of $330k, net assets of $2.7m. It reported 53 employees.