Naz Elite Inc

Analysis

Naz Elite Inc is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in June 2015, 11 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, Naz Elite Inc reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $641k to $1.4m (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Naz Elite Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Louisville Seahawks Inc ($1.4m), Lower Dauphin Soccer Association ($1.4m) and Onaway Camp Trust ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $197k. At year end it held assets of $28k against liabilities of $39k, net assets of -$12k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.