Thornridge Golf Corp

Analysis

Thornridge Golf Corp is a registered charity in United States, based in Milford, NE. It received its IRS tax-exemption ruling in September 1984, 42 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, Thornridge Golf Corp reported income of $581k and spending of $559k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $598k to $581k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Thornridge Golf Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include Hillsboro Swim Team ($581k), Masters Cricket USA Inc ($581k) and Northern Nevada Youth Golf Foundation ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 46% of the total. Other salaries and wages came to $174k. At year end it held assets of $2.2m against liabilities of $7,560, net assets of $2.2m. It reported 10 employees.