New York Elite FC Inc

Analysis

New York Elite FC Inc is a registered charity in United States, based in Malta, NY. It received its IRS tax-exemption ruling in May 2008, 18 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 June 2024, New York Elite FC Inc reported income of $974k and spending of $955k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $357k to $974k (+173%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 164%. 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, New York Elite FC Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Fremont Rush Soccer Foundation ($973k), Partners Fore Golf Inc ($975k) and Players Choice Academy Inc ($973k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $16k (1.7% of expenses). At year end it held assets of $268k against liabilities of $0, net assets of $268k.