Tiger Woods Foundation Inc

Analysis

Tiger Woods Foundation Inc is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tiger Woods Foundation Inc reported income of $16.0m and spending of $11.7m, leaving 27% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.1m to $16.0m (+58%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 130%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tiger Woods Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Stanley British Primary School ($16.0m), Brookstone School Inc ($16.0m) and St Thomas School ($16.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.2m (10% of expenses). Other salaries and wages came to $3.1m. It paid $44k in professional fundraising fees. At year end it held assets of $129.0m against liabilities of $9.1m, net assets of $119.9m. It reported 62 employees.