Tiger Woods Charity Event Corp

Analysis

Tiger Woods Charity Event Corp is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tiger Woods Charity Event Corp reported income of $49.6m and spending of $49.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $43.0m to $49.6m (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2022, when income rose by 106%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tiger Woods Charity Event Corp sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Jewish Federation of Greater Pittsburgh ($48.7m), Community Foundation for the Fox Valley Region Inc ($50.1m) and Fund for Charitable Giving ($48.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $104k (0.2% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $24.0m against liabilities of $23.0m, net assets of $993k. It reported 29 employees.