Pga Tour First Tee Foundation Inc

Analysis

Pga Tour First Tee Foundation Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pga Tour First Tee Foundation Inc reported income of $28.5m and spending of $30.8m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $96.4m to $28.5m (-70%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 54%. Over the whole period it spent 52% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pga Tour First Tee Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include US National Whitewater Center Inc ($28.3m), Bentonville Bella Vista Blazer Association ($28.7m) and Legacy Cares Inc ($27.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $1.2m (4.0% of expenses). Other salaries and wages came to $7.1m. It paid $12k in professional fundraising fees. At year end it held assets of $118.7m against liabilities of $5.5m, net assets of $113.2m. It reported 64 employees.