Masters Tournament Charities Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
MASTERS TOURNAMENT CHARITIES, INC. INSPIRED BY THE ENDURING PHILOSOPHIES OF ITS INITIAL MEMBER, THE MASTERS TOURNAMENT FOUNDATION, AND MASTERS TOURNAMENT FOUNDERS BOBBY JONES AND CLIFFORD ROBERTS, IS COMMITTED TO PROMOTING GOLFS DOMESTIC AND INTERNATIONAL DEVELOPMENT THROUGH FINANCIAL INVESTMENT AND ACTIVE PARTICIPATION IN INITIATIVES AIMED AT PRESERVING THE TRADITIONS OF THE GAME AND SHARING ITS MANY VIRTUES. THE INITIAL PRIMARY COMMITMENT OF THE CORPORATION IS TO UTILIZE THE MEDIUM OF GOLF AND OTHER AMATEUR SPORTS COMPETITIONS TO ENHANCE THE LIVES OF YOUTH AND YOUNG ADULTS THROUGH PARTICIPATION AND JOB TRAINING.
- Income
- $77.2 million
- Spending
- $8.2 million
- Spent on programs
- 100%
- Reserves
- 83.1 months of spending
- Largest source of income
- donations and private grants, 87%
- Employees
- 0
- Volunteers
- 11
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 88% of charities in its peer group (recreation and sports, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 83.1 months of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 89% of income.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 84 out of 100. Higher than 23% of charities in its peer group (recreation and sports, $10m to $100m).
Independent board
25 of 2510 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $8.2 million spent. THE MASTERS TOURNAMENT CHARITIES, INC. OVERSEES THE MANAGEMENT AND OPERATIONS OF THE AUGUSTA NATIONAL WOMEN'S AMATEUR, LLC "ANWA", WHICH CONDUCTS AN ANNUAL WORLD RENOWNED INTERNATIONAL AMATEUR GOLF TOURNAMENT FOR WOMEN. THE EVENT WAS ESTABLISHED AND IS OPERATED TO INSPIRE GREATER INTEREST AND PARTICIPATION IN THE GAME OF GOLF FOR WOMEN AND SUPPORTS AMATEUR SPORTS COMPETITION. THE MTC PROVIDES FUNDS FOR TRAVEL, EXPENDITURES, ENTRY FEES AND OTHER COSTS ASSOCIATED WITH PARTICIPATION IN THE TOURNAMENT FOR AMATEUR GOLFERS.
- THE PATCH PROJECT, LLC (TPP) IS WHOLLY-OWNED BY MTC AND IS ESTABLISHED TO STRENGTHEN THE AVAILABILITY AND QUALITY OF PUBLIC GOLF IN THE COMMUNITY AND FOSTER EVEN GREATER OPPORTUNITIES TO PLAY THE GAME AND WORK IN THE SPORT. THROUGH TPP LLC, MTC PLANS TO HIRE WORLD-RENOWNED GOLF ARCHITECTS AND MAKE SUBSTANTIAL CAPITAL EXPENDITURES TO RENOVATE AND REDESIGN THE AUGUSTA MUNICIPAL GOLF COURSE. ANOTHER SIGNIFICANT CHARITABLE AND EDUCATIONAL PURPOSE OF THE PATCH PROJECT IS TO SUPPORT THE GAME OF GOLF BY ENHANCING THE GOLF COURSE MANAGEMENT PROGRAM OF AUGUSTA TECH. THERE WERE NO EXPENSES FOR TPP IN 2024.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.