New Jersey Golf Foundation Incorporated

Analysis

New Jersey Golf Foundation Incorporated is a registered charity in United States, based in Bedminster, NJ. It received its IRS tax-exemption ruling in December 2004, 22 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, New Jersey Golf Foundation Incorporated reported income of $1.6m and spending of $1.3m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $1.6m (+182%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Jersey Golf Foundation Incorporated 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 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Cape Fear Youth Soccer Assocation Inc ($1.6m), Milwaukee Jr Admirals Inc ($1.6m) and Ferry Beach Park Association ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. At year end it held assets of $2.6m against liabilities of $289k, net assets of $2.3m.