Pga Tour Charities Inc

Analysis

Pga Tour Charities Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in July 1988, 38 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Pga Tour Charities Inc reported income of $3.8m and spending of $2.9m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.4m to $3.8m (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pga Tour Charities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of the Red River Valley ($3.8m), Boys and Girls Club of Kennebec Valley ($3.8m) and Hurricane Island Foundation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $4.3m against liabilities of $172k, net assets of $4.1m.