Old Works Golf Course Inc

Analysis

Old Works Golf Course Inc is a registered charity in United States, based in Anaconda, MT. It received its IRS tax-exemption ruling in March 2001, 25 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, Old Works Golf Course Inc reported income of $2.1m and spending of $1.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Old Works Golf Course Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within MT. Charities of a similar size with the same main cause include Jupiter Tequesta Athletic ($2.1m), Dallas Stars Elite Hockey Club ($2.1m) and Hesperia Area Recreation District Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 73% of the total. At year end it held assets of $3.7m against liabilities of $568k, net assets of $3.1m.