Spring Lake Golf Club Scholarship Fund Inc

Analysis

Spring Lake Golf Club Scholarship Fund Inc is a registered charity in United States, based in Spring Lake, NJ. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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, Spring Lake Golf Club Scholarship Fund Inc reported income of $93k and spending of $103k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $93k (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spring Lake Golf Club Scholarship Fund Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Keeseville Free Library ($93k), Gibson City Area Telecare Service Inc ($93k) and St Francis Home for Young Men Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $462k against liabilities of $0, net assets of $462k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.