Usga Foundation

Analysis

Usga Foundation is a registered charity in United States, based in Liberty Cor, NJ. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Usga Foundation reported income of $7.4m and spending of $2.9m, leaving 60% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.3m to $7.4m (+489%), an average of +81% a year. The sharpest change came in the year to December 2021, when income rose by 231%. Over the whole period it spent 53% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usga Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Virginia Horse Center Foundation ($7.4m), Elite Clubs National League Inc ($7.4m) and Southwestern Diabetic Foundation Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $692k (24% of expenses). At year end it held assets of $29.5m against liabilities of $19.9m, net assets of $9.6m.