Golden Tee Golf Club Inc

Analysis

Golden Tee Golf Club Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 1996, 30 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, Golden Tee Golf Club Inc reported income of $54k and spending of $111k, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $89k to $54k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 177%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Golden Tee Golf Club Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Hollidaysburg Golden Tiger Football Association ($54k), KC Athletics Inc ($54k) and Tredyffrin-Eastown Adult Soccer Association Inc ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 11% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.