Eleone Inc

Analysis

Eleone Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Eleone Inc reported income of $88k and spending of $92k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $88k (+20%), an average of +9.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Eleone Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Tsunami Swimming ($88k), Oakland Ultimate ($88k) and Mountainview Christian Camp Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.