Pga Reach Carolinas Foundation

Analysis

Pga Reach Carolinas Foundation is a registered charity in United States, based in Browns Summit, NC. It received its IRS tax-exemption ruling in September 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pga Reach Carolinas Foundation reported income of $1.1m and spending of $848k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $1.1m (+218%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 72% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pga Reach Carolinas Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Boys and Girls Club of Morristown Inc ($1.1m), Boys Club of Burkburnett ($1.1m) and Boys Club of Parkersburg Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $1.3m against liabilities of $104k, net assets of $1.2m.