Daytona Beach Golf Charities

Analysis

Daytona Beach Golf Charities is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2019, Daytona Beach Golf Charities reported income of $566k and spending of $335k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2018 to December 2019, income fell from $11.1m to $566k (-95%), an average of -95% a year. The sharpest change came in the year to December 2019, when income dropped by 95%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daytona Beach Golf Charities sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include The Bronx Community College Foundation Inc ($565k), United Fund of Surry Inc ($566k) and Central Africa Health Care Organization ($565k).

On its Form 990 for the period ending December 2019, revenue came from program service revenue 100% of the total. At year end it held assets of $747k against liabilities of $740k, net assets of $6,231.