Texas-Oklahoma Jr Golf Tournament Inc

Analysis

Texas-Oklahoma Jr Golf Tournament Inc is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in August 1994, 32 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 2023, Texas-Oklahoma Jr Golf Tournament Inc reported income of $91k and spending of $89k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $7,886 to $91k (+1059%), an average of +1059% a year. The sharpest change came in the year to December 2023, when income rose by 1059%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas-Oklahoma Jr Golf Tournament Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Meal & More Inc ($91k), Preservation and Conservation Association of Champaign County ($91k) and Moravian Care Foundation ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,000 (9.0% of expenses). At year end it held assets of $24k against liabilities of $0, net assets of $24k.