Flatonia Golf Association Inc

Analysis

Flatonia Golf Association Inc is a registered charity in United States, based in Flatonia, TX. It received its IRS tax-exemption ruling in July 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Flatonia Golf Association Inc reported income of $237k and spending of $220k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $237k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flatonia Golf Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include South Atlanta Community Tennis Association Inc ($237k), Youth Baseball of Reading Inc ($237k) and Union Grove Broncos Shooting Club Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $100k (46% of expenses). At year end it held assets of $613k against liabilities of $124k, net assets of $489k. It reported 12 employees.