Veteran Golfers Association

Analysis

Veteran Golfers Association is a registered charity in United States, based in Pinehurst, NC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. 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 2022, Veteran Golfers Association reported income of $3.1m and spending of $2.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to December 2022, income grew from $1.0m to $3.1m (+205%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 151%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veteran Golfers Association sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Standup for Kids ($3.1m), Arc of Haywood County Inc ($3.1m) and Orem Child Care Nutrition Program Inc ($3.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $78k (3.0% of expenses). Other salaries and wages came to $88k. At year end it held assets of $1.5m against liabilities of $262k, net assets of $1.3m. It reported 6 employees.