Tennessee Golf Association Inc

Analysis

Tennessee Golf Association Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in December 2010, 16 years ago. 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, Tennessee Golf Association Inc reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tennessee Golf Association Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Ann Norton Sculpture Gardens Inc ($1.9m), Whitemarsh Community Ambulance Association ($1.9m) and Center for Community Wealth Building ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $126k (6.9% of expenses). Other salaries and wages came to $371k. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.