Bluegrass Golf Foundation Inc

Analysis

Bluegrass Golf Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2019, 7 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, Bluegrass Golf Foundation Inc reported income of $269k and spending of $268k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $219k to $269k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bluegrass Golf Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Ozaukee County Fair ($269k), Park Ridge Athletic Association ($269k) and Bulldog Youth Sports NFP ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). Other salaries and wages came to $24k. At year end it held assets of $14k against liabilities of $0, net assets of $14k.