How tax breaks power the PGA Tour, a nonprofit organization

Explore the PGA Tour's tax filings

The PGA Tour has been a nonprofit since it split from the PGA of America in 1968 and is required by law to publicly file its Form 990. This ProPublica interactive explores the publicly available tax information about the PGA Tour, including reports of first-class flights and notable sources of revenue.

The story behind the PGA's civil war

In the 1960s, there was a war brewing within the PGA between the golf pros and the touring pros. Eventually, tensions boiled over into courtrooms, leading to the creation of a new league. This Golf.com article provides a deep history of the war, with in-depth interviews with key players in the negotiations.

The story behind the formation of the original PGA

The early 1900s saw a surge in golf courses across America, and there was a need for a national organization of golf professionals to help promote and grow the sport. This history explores how department store heir Rodman Wanamaker organized a luncheon that led to the formation of the PGA of America.

Analyzing the PGA Tour's leaderboard

In 2007, the PGA Tour introduced the FedEx Cup, marking the first time men's pro golf had a playoff system. This PGA Tour interactive shows the Cup standings year-to-date, along with video and news updates. Click on a player's name and get a detailed page about their career, including total wins, scorecards from recent matches, and what clubs are in their bag.

Examining golf's problems with race

In 1961, the PGA removed the "Caucasian-only" membership clause, marking the last major professional sports organization to desegregate. But unlike other sports, golf didn't see an influx of Black players following the change. This article from The Ringer's Lex Pryor examines golf's complicated history with race and gender, showing both the progress made and the challenges that remain.

The PGA Tour features over 30 tournaments per year, but the most important are its 4 majors: the Masters, the PGA Championship, the US Open, and the Open Championship.

Exploring why the PGA Tour's rivalry with LIV seems to have cooled

This analysis by Dan Wetzel suggests that LIV's initial threat to the PGA Tour's dominance in golf has faded, with several golfers leaving LIV to return to the PGA Tour.

Only 156 players secure a PGA Tour Card each year

Automatic eligibility is granted to past PGA Championship winners, while newcomers must win a PGA-approved tournament, rank in the top 70 of the FedEx Cup standings, or finish in the top 30 of the Korn Ferry Tour finals.

A Saudi Arabian sovereign wealth fund divested from LIV Golf after pumping more than $6B into the PGA's controversial rival

The Saudi Arabian Public Investment Fund was the primary backer of LIV Golf, and at one point held more than 90% of the league's ownership stake. Famous golfers, like the three-time Masters' champion Phil Mickelson, criticized the league for "sportswashing" Saudi Arabia's questionable human rights record.

Check out a compilation of golf's greatest shots, from Jack Nicklaus hitting the flag in 1972 to Tiger Woods' iconic chip at the 2005 Masters.

Jack Nicklaus' legendary 'rebuttal'

In August 1968 then-Secretary of the PGA Leo Fraser unleashed a verbal attack on star golfer Jack Nicklaus, the latest in a series of public barbs in the war between the PGA and its touring pros. Read this Sports Illustrated essay penned by Nicklaus, published two weeks after Fraser's attack, where he sets the record straight and lobbies for support.

The Original Nine paved the way for the WTA

In the late 1960s, men earned 2-3 times as much per tournament as women did. With professional tennis largely run by men, the women didn't have leverage. That prompted nine women to break away and form their own tournament, which in turn led to a dedicated tour the following year. This paved the way for the WTA, and eventually equal pay at Majors.

How golf equipment is made

With just clubs, a ball, and a tee, the game of golf doesn't have the amount of equipment seen in other sports. But each piece of equipment has a very intricate process for its creation. Watch this Science Channel video to see the specialized equipment used to create golf balls, golf clubs, golf carts, and golf tees.

Pickleball's popularity has created a power struggle

The sport's sudden rise has led to a tumultuous landscape with battles over governance, court space, and player rights. This Sports Illustrated deep dive examines the competing billionaires vying for control, the conflicts over court usage and noise disputes, and how a second proposed Hall of Fame is dividing the sport.

The NBA and its players donate the fines from technical fouls to various charities

The "Fined and Philanthropic" initiative, a grant-matching program from the National Basketball Players' Association, directs the funds toward charitable organizations.

Golfer hits ball into golf cart ball holder

Professional golfer Cameron Young’s ball settled in the built-in ball holder in an NBC reporter’s cart while playing at the US Open. He did not have to play it where it landed, and he managed to reach par on the shot despite the location of his...

80% of Americans are bothered that some wealthy people don't pay their fair share of taxes

That's according to data from Pew Research Center. While most people are primarily taxed on their wages, many people in America's 1% derive much of their income from investments instead, which are often taxed at preferential capital gains rates. This structure was shaped by a series of legislative cuts that began in earnest with the 1978 Revenue Act and the 1981 Economic Recovery Tax Act.

What happens to golf balls after they're used?

With over 1 billion golf balls produced annually, an estimated 300 million to 1.5 billion are lost worldwide. On average, thousands of balls are left behind on each course, often ending up in ponds, forests, and beaches. While many golf courses recover and reuse some of these balls, studies suggest countless remain unretrieved.

An in-depth analysis of Augusta National, the home of the Masters

This in-depth analysis of Augusta National Golf Club, the famed site of the annual Masters Tournament, breaks down the course's complex greens and tricky layout. Golf Digest editor Luke Kerr-Dineen walks viewers through the course's green book, demonstrating just how difficult Augusta is compared to other courses. More than anything, it gives you some context to better understand why your favorite golfers might struggle with the course's punishing slopes.

Behind the Ryder Cup, the tournament that features golfers playing for their home countries

Established in 1927, the Ryder Cup is unlike any other tournament. The scoring includes a mix of fourball, foursomes, and singles, with half-points for ties. Explore the rich history of the Ryder Cup in this detailed interactive. Each era of history includes detailed accounts of the match, historic photos, and the final score for each team.

Greg Norman, before LIV Golf

In 1994, Greg Norman was enjoying success as a pro golfer. But the Australian wanted to see more opportunities for global players like himself, leading him to found the World Golf Tour. Read this Sports Illustrated deep dive on Norman's failed golf league and the lesson he learned that would help him launch and become CEO of LIV Golf in 2021.

In 1931-32, JP Morgan Jr. paid no income taxes due to his company’s losses

This legally reduced his taxable income under existing laws. Similarly, the Rockefellers leveraged charitable foundations to minimize taxes, allowing them to preserve wealth while directing funds to their preferred causes.

Young fan gifts putter cover to PGA golfer Collin Morikawa, who asks her to autograph it before gifting her his glove in return.

Billie Jean King organized players into the WTA

In 1973, the Virginia Slims Circuit was successful, but when the USLTA demanded a higher tournament fee for Circuit players, promoter Gladys Heldman refused. In response, Billie Jean King met with over 50 players before the 1973 Wimbledon Championships to form the Women's Tennis Association, a move that led to equal pay at the US Open the following year.

Comic-Con is a nonprofit organization

San Diego Comic‑Con International launched in 1970 as a 501(c)(3) nonprofit aimed at promoting public appreciation for comics and related arts. All proceeds fund programming such as Comic‑Con, WonderCon, and the Comic‑Con Museum.

Buffett is known for being extremely generous with his fortune

So generous that in 2010 he pledged to donate 99% of his money. He said this money “can have a huge effect on the health and welfare of others.” This letter is Buffett’s philanthropic pledge, which details his commitment to giving and how luck and privilege helped him accumulate so much money.

How Charles Blair Macdonald changed the design behind golf

Macdonald's contributions to golf course design, including 21 principles still used today, are just as legendary as the game's players. This deep dive into the mostly forgotten figure explores his legacy, including why he never charged for his services.

The complicated economics of horse racing

The Triple Crown commands big ratings (and enormous amounts of money in betting) but the sport as a whole is in a precarious position, thanks to limited tracks and an overreliance on subsidies. This special from Freakonomics unpacks what all that means for the future of the sport.

The Open Era redefined both men's and women's tennis

The early days of modern tennis were largely enjoyed by the upper class, who had money for lawns to play on. More often than not, the best players competed for the love of the game, not money. This led to Grand Slams limiting the competitions to amateur athletes. Things changed in 1968, considered the start of the Open Era, when professional players were permitted to play.

Watch a breakdown of tax breaks most Americans don't know about

Programs like healthcare savings accounts or flexible spending accounts are tax-free accounts that are designed to help lower healthcare costs. However, many Americans don't use them and don't understand how they work.

Congress plays baseball together in a bipartisan charity game dating back to 1909

First organized in 1909 by Rep. John Tener, a former pro baseball player, the Congressional Baseball Game pits Democrats against Republicans to raise money for charity—and offers a rare behind-the-scenes look at lawmakers mixing rivalry with camaraderie.

Learn about loopholes in the American tax code, which involve everything from cat food to death to heavy machinery.

Most Americans take the standard tax deduction

A tax deductible is an expense that a taxpayer or business can subtract from adjusted gross income, reducing their taxable income and therefore reducing the amount of taxes owed. Governments often use tax deductibles as a way to reward people who do things that are considered beneficial to society, like charitable donations.

Tennis' global evolution

In the 1970s and 1980s, American men and women dominated the top 100 rankings on both tours. But as each tour expanded its global reach, the American dominance declined. This Bleacher Report analysis breaks down the national make-up of the top 100 players for each decade. View maps that show which country gained and lost rankings through each decade and see who is the top country now.

Tax policy can have a direct impact on the national debt, with past presidents' changes to tax codes inflating the deficit.

S&P Global, the company that makes the S&P 500, is listed on the S&P 500

When the S&P 500 index was released in 1957, it was helpful for investors, but not necessarily profitable. S&P Global now makes more than $1B a year just from selling its index data. Alongside its other services, like credit ratings, S&P Global makes more than $14B a year.

Explaining the rise in adult sports leagues

Community sports leagues shifted from publicly supported entities to privatized ones in the 1990s, as tech advances streamlined registration processes. Millennial interest drove significant growth in social sports leagues for adults, growing much faster than other kinds of sports. A few industry leaders have benefited from this shift.

The agricultural origins of paintball guns

The paintball field industry—where players compete in pseudo-battle using the (minimally) harmless guns—is worth over $1 billion annually, and it continues to grow. This fun piece breaks down the relatively recent history of the industry by...

The NFL makes most of its money through media licensing deals

The NFL, which reportedly earned more than $20B in 2023, generates its revenue through several key streams. The largest comes from media licensing deals, where networks and streaming platforms pay billions for the rights to broadcast games. Corporate sponsorships are another major contributor.

A history of the Masters Champions' Dinner, an annual golf tradition

The Masters Champions' Dinner is an annual tradition celebrated the Tuesday before the tournament begins. The previous year's champion sets the menu, leading to a history of eclectic meals. This resource from Today's Golfer provides a brief history of the tradition and then details every menu since 1986. It's an interesting window into the tastes of professional athletes (Tiger Woods, apparently, loves chicken fingers!) and the less-than-healthy habits from the sport's past.

Why the rich don't pay taxes like you do

The system behind the US income tax isn't as straightforward as it looks. You earn money. Taxes get taken out. Case closed … right? Not exactly. In this episode of "1440 Explores," we break down how the US tax system actually works, from confusing deductions and misunderstood tax brackets to why the wealthiest Americans often end up paying a very different tax than everyone else.

Most pensions are subject to federal income taxes

Those taxes kick in once someone starts taking distributions from their pension. Whether a pension is subject to state income taxes depends on the state and other factors. Learn more about how pensions are taxed in this article.

National Hockey League, explained

Founded in 1917, the NHL started with four Canadian teams and now spans 32 franchises across North America. Its iconic Stanley Cup, first awarded in 1893, remains a unique prize, with winners' names hand-engraved each year. The league generates billions in annual revenue, aided by key expansions, lucrative TV deals, and global fan engagement. While player safety and labor disputes have posed challenges, the NHL remains a cornerstone of professional sports, offering an 82-game season culminating in the fiercely contested Stanley Cup Final.

BTS makes big profits, and spends just as big

While the band has been on hiatus since 2022, there are remarkable insights into the band’s success, like a $44M profit from a six-show tour. Their profits allow them massive spending, with investments like a shared mansion in addition to owning their own multimillion-dollar apartments.

In 2024, the league signed a 11-year deal with Disney, Amazon, and NBC Universal

The $2.2B deal was widely applauded in the media, but the Players Association questioned how the NBA arrived at the valuation and why the deal gives players less than 10% of total revenue compared to the NBA’s 50%.

Billie Jean King on playing tennis before Title IX

Before Title IX, tennis legend Billie Jean King not only had to deal with limited resources; she also had to deal with isolating experiences, like being excluded from team photos at Long Beach State and being told to "get lost" by male teammates. (Some readers may experience a paywall.)

What a $1K investment in P&G stock 20 years ago would be worth today

If someone put $1K into P&G stock 20 years ago, it would be worth about $5.2K in 2025, making its annualized return about 8.6%. For context, the S&P 500 has had an annualized return of 10.7% over the same time period.

How Guinness World Records has pivoted to a publicity business

Now that Guinness World Records gets paid to host record-breaking events, is there a conflict of interest? Here's a look at the worldwide record keeping business's pivot toward publicity.

How much does sports betting generate?

According to 2025 data, sports betting generated $2.7B in state tax revenue. That number has increased every year since the government began collecting data in 2021.

Reasons the wealthy like to give to universities

Every year, higher education receives the lion’s share of philanthropy for key reasons. Universities have huge budgets and can handle big sums. They also oversee a broad range of initiatives tailored to an individual’s goals, and are particularly credible institutions with long track records and strong brands.