Sheaffer Memorial Golf Park

Analysis

Sheaffer Memorial Golf Park is a registered charity in United States, based in Fort Madison, IA. It received its IRS tax-exemption ruling in February 1947, 79 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Sheaffer Memorial Golf Park reported income of $563k and spending of $664k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $563k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sheaffer Memorial Golf Park sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include American Association of Avalanche Professionals ($563k), Mahtomedi Area Educational Foundation ($564k) and Indian River Soccer Association Inc ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 86% of the total. Other salaries and wages came to $210k. At year end it held assets of $378k against liabilities of $418k, net assets of -$40k. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.