Veterans Memorial Golf Club Foundation Inc

Analysis

Veterans Memorial Golf Club Foundation Inc is a registered charity in United States, based in Clear Lake, IA. It received its IRS tax-exemption ruling in December 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veterans Memorial Golf Club Foundation Inc reported income of $387k and spending of $397k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $387k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Veterans Memorial Golf Club Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within IA. Charities of a similar size with the same main cause include Agoura Youth Basketball Association ($387k), United Club Gymnastics ($388k) and Morton Golf Foundation ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 75% of the total. Other salaries and wages came to $181k. At year end it held assets of $251k against liabilities of $45k, net assets of $206k. It reported 21 employees.