The Colorado Golf Association Inc

Analysis

The Colorado Golf Association Inc is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in December 1994, 32 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, The Colorado Golf Association Inc reported income of $5.7m and spending of $6.3m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Colorado Golf Association Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include The Parade Company ($5.7m), Greater Las Vegas Inner-City Games ($5.7m) and Florida Sports Foundation Incorporated ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $532k (8.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $7.7m against liabilities of $804k, net assets of $6.9m. It reported 33 employees.