Elite Teams

Analysis

Elite Teams is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Teams reported income of $149k and spending of $179k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $149k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elite Teams sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Singh Sabha of Maryland Inc ($149k), Idledale Community Church ($149k) and Son and Reins Ranch ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $25k, net assets of -$25k.