Triangle Golf Foundation Inc

Analysis

Triangle Golf Foundation Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2002, 24 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, Triangle Golf Foundation Inc reported income of $2.4m and spending of $1.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.4m (-33%), an average of -9.7% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Golf Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Minnesota Deer Hunters Association ($2.4m), West Nashville Sports League Inc ($2.4m) and National Association of Christian Athletes ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $211k (14% of expenses). Other salaries and wages came to $659k. At year end it held assets of $9.1m against liabilities of $1.7m, net assets of $7.4m. It reported 106 employees.