Salute to Military Golf Association Inc

Analysis

Salute to Military Golf Association Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in May 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salute to Military Golf Association Inc reported income of $704k and spending of $670k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $841k to $704k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Salute to Military Golf Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include SC United Soccer Club ($704k), Golden Empire Youth Tackle Football Inc ($704k) and Bike Durham ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $77k (11% of expenses). Other salaries and wages came to $51k. At year end it held assets of $513k against liabilities of $15k, net assets of $499k. It reported 2 employees.