Northern Texas Pga Foundation

Analysis

Northern Texas Pga Foundation is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in September 1989, 37 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, Northern Texas Pga Foundation reported income of $6.8m and spending of $5.6m, spending 83% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.5m to $6.8m (+94%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northern Texas Pga Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include New York State Public High School Athletic Association Inc ($6.8m), Washington Community Reinvestment Association ($6.8m) and Variety the Childrens Charity of the Delaware Valley ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $379k (6.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $14.4m against liabilities of $1.1m, net assets of $13.3m.