Elite Choice Properties Inc

Analysis

Elite Choice Properties Inc is a registered charity in United States, based in Milledgeville, GA. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Elite Choice Properties Inc reported income of $842k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $760k to $842k (+11%), an average of +2.6% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elite Choice Properties Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Mill Pond Gables Senior Living LLC ($841k), Western N C Housing Partnership Inc ($842k) and Riviera Beach Community Development Corporation Inc ($841k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $78k (7.3% of expenses). Other salaries and wages came to $80k. At year end it held assets of $4.5m against liabilities of $3.9m, net assets of $595k. It reported 2 employees.

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.