Pga Foundation Inc

Analysis

Pga Foundation Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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 March 2023, Pga Foundation Inc reported income of $9.4m and spending of $9.4m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $3.6m to $9.4m (+162%), an average of +27% a year. The sharpest change came in the year to March 2020, when income rose by 206%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pga Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Hanover Area YMCA ($9.4m), St Vincents Institution ($9.4m) and All Saints Assisted Living Center Inc ($9.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. It paid $452k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $1.9m, net assets of -$652k.