365 Elite

Analysis

365 Elite is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in November 2020, 6 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 2022, 365 Elite reported income of $406k and spending of $301k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $227k to $406k (+78%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 365 Elite sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include MN Umpire Association Ltd ($406k), Kingwood Alliance Soccer Club Inc ($406k) and Duneland Flyers Inc ($405k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.