Carolinas Golf Association

Analysis

Carolinas Golf Association is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in May 2005, 21 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, Carolinas Golf Association reported income of $8.7m and spending of $7.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $8.7m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolinas Golf Association sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Move United ($8.7m), Ramapo for Children Inc ($8.7m) and F C Stars Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $221k (2.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.1m against liabilities of $333k, net assets of $7.8m. It reported 32 employees.