Carolinas Golf Foundation

Analysis

Carolinas Golf Foundation is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in March 1978, 48 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carolinas Golf Foundation reported income of $217k and spending of $191k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $217k (+5.5%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carolinas Golf Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Newfield Public Library ($217k), Brazilian Missions ($217k) and Iglesia de Dios Pentecostal LA Senda Divina LA Gran Comision Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 194% of the total. At year end it held assets of $691k against liabilities of $0, net assets of $691k.