West Palm Golf Community Trust Inc

Analysis

West Palm Golf Community Trust Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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 2022, West Palm Golf Community Trust Inc reported income of $9.3m and spending of $493k, leaving 95% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $28.5m to $9.3m (-67%), an average of -67% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 1.3% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Palm Golf Community Trust Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Residential Home for the Developmentally Disabled Inc ($9.3m), Young Womens Christian Association of Cleveland Ohio ($9.3m) and Western Mental Health Center Inc ($9.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $364k. At year end it held assets of $55.4m against liabilities of $1.8m, net assets of $53.6m. It reported 10 employees.