Tennessee Golf Foundation

Analysis

Tennessee Golf Foundation is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Tennessee Golf Foundation reported income of $6.6m and spending of $7.7m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $6.6m (+87%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tennessee Golf Foundation 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 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include Timeline Theatre Company ($6.6m), Abt Performing Arts Association Inc ($6.6m) and Culturetrust Greater Philadelphia ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $280k (3.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $23.3m against liabilities of $3.6m, net assets of $19.7m.