Elite Kids Academy

Analysis

Elite Kids Academy is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Elite Kids Academy reported income of $450k and spending of $311k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $341k to $450k (+32%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elite Kids Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Abington Library Society Inc ($450k), Apga Security and Integrity Foundation ($451k) and Friends of the Palo Alto Public Library ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $23k (7.5% of expenses). Other salaries and wages came to $88k. At year end it held assets of $814k against liabilities of $48k, net assets of $766k. It reported 3 employees.