Minnesota Golf Association Foundation

Analysis

Minnesota Golf Association Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Minnesota Golf Association Foundation reported income of $772k and spending of $527k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $567k to $772k (+36%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minnesota Golf Association Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Indiana University Psychiatric Associates Inc ($772k), Christ the Savior Academy Inc ($772k) and Gaining Ground Corporation ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $803k against liabilities of $30, net assets of $803k.