Childrens Golf Foundation Inc

Analysis

Childrens Golf Foundation Inc is a registered charity in United States, based in Riviera Beach, FL. It received its IRS tax-exemption ruling in August 1992, 34 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 2022, Childrens Golf Foundation Inc reported income of $2.3m and spending of $1.7m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $2.3m (+5.7%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Golf Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include American Volkssport Association Inc ($2.3m), Tavern Guild Foundation of San Francisco Inc ($2.3m) and United Cerebral Palsy of Nevada ($2.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 78% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $181k (11% of expenses). Other salaries and wages came to $636k. At year end it held assets of $4.0m against liabilities of $231k, net assets of $3.7m. It reported 16 employees.