First Tee of Cleveland

Analysis

First Tee of Cleveland is a registered charity in United States, based in Newburgh HTS, OH. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2023, First Tee of Cleveland reported income of $1.8m and spending of $3.9m, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $754k to $1.8m (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 258%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Tee of Cleveland sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Monroe County Fair Association ($1.8m), Detroit Country Club Inc ($1.8m) and M&n Sports Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $121k (3.1% of expenses). Other salaries and wages came to $476k. It paid $5,740 in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $90k, net assets of $1.7m. It reported 21 employees.