Elite Athlete Services LLC

Analysis

Elite Athlete Services LLC is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in August 2019, 7 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, Elite Athlete Services LLC reported income of $9.9m and spending of $10.0m, spending 101% of its income. Across the 6 years on record, from December 2017 to December 2023, income grew from $6.7m to $9.9m (+46%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elite Athlete Services LLC sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Cobbs Creek Restoration and Community Foundation ($9.9m), Together Every1 Achieves More Inc ($9.9m) and Greater Washington Partnership ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $902k (9.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.4m against liabilities of $5.2m, net assets of -$2.7m. It reported 23 employees.