Friends of Golf Inc

Analysis

Friends of Golf Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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 June 2023, Friends of Golf Inc reported income of $437k and spending of $565k, spending 129% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $868k to $437k (-50%), an average of -20% a year. The sharpest change came in the year to June 2023, when income rose by 121%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Golf Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include MD Line Fire Prot Assn Inc ($437k), Friends of Oscar Mayer School ($437k) and Southland Academy Foundation Inc ($437k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 128% of the total. At year end it held assets of $802k against liabilities of $0, net assets of $802k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.