Minnesota Golf Charity Events

Analysis

Minnesota Golf Charity Events is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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, Minnesota Golf Charity Events reported income of $55k and spending of $136k, spending 247% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $191k to $55k (-71%), an average of -22% a year. The sharpest change came in the year to December 2019, when income dropped by 120%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minnesota Golf Charity Events sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Colorado Baptist General Convention ($55k), PTA California Congress of Parents Teachers & Students Inc ($55k) and Altoona Food Bank Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 229% of the total. At year end it held assets of $58k against liabilities of $90k, net assets of -$32k. It reported 31 employees.