Youth Golf Foundation of the Carolinas

Analysis

Youth Golf Foundation of the Carolinas is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2001, 25 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, Youth Golf Foundation of the Carolinas reported income of $1.9m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Youth Golf Foundation of the Carolinas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Tenth Mountain Division Hut Association Inc ($1.9m), Desert Youth Hockey Association Inc ($1.9m) and South Bronx United Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $201k (9.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.6m against liabilities of $372k, net assets of $5.3m. It reported 54 employees.