Platform Elite

Analysis

Platform Elite is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in August 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Platform Elite reported income of $610k and spending of $528k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $455k to $610k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Platform Elite sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include San Luis Obispo Sportsmens Association ($610k), Foothills Sports Association ($610k) and Burroughs Community Center Inc ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $46k (8.6% of expenses). Other salaries and wages came to $147k. At year end it held assets of $17k against liabilities of $0, net assets of $17k. It reported 64 employees.