Turfgrass Association Inc-Tennessee

Analysis

Turfgrass Association Inc-Tennessee is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in May 1968, 58 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, Turfgrass Association Inc-Tennessee reported income of $227k and spending of $183k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $227k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turfgrass Association Inc-Tennessee sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Danville Girls Chorus Inc ($227k), Mad River Valley Senior Citizens Inc ($227k) and YMCA Foundation of Greater Indianapolis ($227k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $31k (17% of expenses). At year end it held assets of $293k against liabilities of $1,536, net assets of $292k. It reported 1 employees.