World Golf Foundation Inc

Analysis

World Golf Foundation Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in April 1991, 35 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, World Golf Foundation Inc reported income of $10.9m and spending of $9.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $45.0m to $10.9m (-76%), an average of -30% a year. The sharpest change came in the year to December 2020, when income dropped by 66%. Over the whole period it spent 144% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, World Golf Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include America East ($10.8m), Lonestar Soccer Club of Austin Inc ($10.9m) and Delaware State Fair Inc ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $341k (3.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $18.9m against liabilities of $1.2m, net assets of $17.7m. It reported 39 employees.