The Florida State Golf Association Inc

Analysis

The Florida State Golf Association Inc is a registered charity in United States, based in Temple Terr, FL. It received its IRS tax-exemption ruling in February 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Florida State Golf Association Inc reported income of $12.6m and spending of $13.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.7m to $12.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 124% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Florida State Golf Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Fort Mason Center ($12.5m), Gator Bowl Association Inc ($12.6m) and USA Softball Inc ($12.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $398k (3.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.7m against liabilities of $434k, net assets of $5.2m. It reported 28 employees.