Nantucket Golf Club Foundation Inc

Analysis

Nantucket Golf Club Foundation Inc is a registered charity in United States, based in Siasconset, MA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nantucket Golf Club Foundation Inc reported income of $4.6m and spending of $2.2m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.6m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nantucket Golf Club Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Phi Delta Kappa International Inc ($4.6m), Individual and Family Support Network ($4.6m) and Nevada Volunteers ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $85k. At year end it held assets of $13.6m against liabilities of $244k, net assets of $13.3m.