Palisades Elite

Analysis

Palisades Elite is a registered charity in United States, based in Stony Point, NY. It received its IRS tax-exemption ruling in February 2016, 10 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, Palisades Elite reported income of $295k and spending of $288k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $295k (+21%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Palisades Elite sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Scorpion Athletic Booster Club Inc ($295k), Samson Dubina Educational Table Tennis Academy Inc ($295k) and Lake Washington Premier Football Club ($295k).

At year end it held assets of $0 against liabilities of $0, net assets of $0.