Michelin Charity Golf Tournament

Analysis

Michelin Charity Golf Tournament is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michelin Charity Golf Tournament reported income of $1.3m and spending of $954k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michelin Charity Golf Tournament sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Upper Valley Snowsports Foundation ($1.3m), Sports Authority Foundation ($1.3m) and Middleton Youth Soccer Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.