First Tee of South Puget Sound

Analysis

First Tee of South Puget Sound is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2011, 15 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 South Puget Sound reported income of $861k and spending of $869k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $710k to $861k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 101% 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 South Puget Sound sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Hollywood Wildcat Soccer Club Inc ($860k), Western Collegiate Hockey Association ($861k) and Warriors Christian Academy Inc ($859k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $181k. At year end it held assets of $386k against liabilities of $77k, net assets of $310k. It reported 43 employees.