Virginia State Golf Association Inc

Analysis

Virginia State Golf Association Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in July 2020, 6 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, Virginia State Golf Association Inc reported income of $5.2m and spending of $4.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia State Golf Association Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Road Runners Club of America ($5.2m), Oakland Childrens Fairyland Inc ($5.2m) and Mississippi S Toughest Kids Foundation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.8% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $234k (5.3% of expenses). Other salaries and wages came to $948k. At year end it held assets of $5.5m against liabilities of $1.6m, net assets of $3.9m. It reported 20 employees.