The First Tee of Greater Philadelphia Inc

Analysis

The First Tee of Greater Philadelphia Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2019, 7 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 June 2024, The First Tee of Greater Philadelphia Inc reported income of $6.8m and spending of $4.6m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income grew from $1.2m to $6.8m (+478%), an average of +55% a year. The sharpest change came in the year to June 2024, when income rose by 160%. Over the whole period it spent 52% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The First Tee of Greater Philadelphia Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Washington Community Reinvestment Association ($6.8m), Healthy Start Coalition of Southwest Florida Inc ($6.9m) and Northern Texas Pga Foundation ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $260k (5.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $12.7m against liabilities of $484k, net assets of $12.2m. It reported 141 employees.