Colorado Professional Golfers Association Foundation Inc

Analysis

Colorado Professional Golfers Association Foundation Inc is a registered charity in United States, based in Larkspur, CO. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Colorado Professional Golfers Association Foundation Inc reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $451k to $1.7m (+266%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Professional Golfers Association Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Davis Kids Klub ($1.7m), Childrens Academy ($1.7m) and Itnamerica ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 61% of the total. At year end it held assets of $435k against liabilities of $169k, net assets of $266k.