Elite Learners Inc

Analysis

Elite Learners Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Elite Learners Inc reported income of $7.8m and spending of $6.5m, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $370k to $7.8m (+1997%), an average of +176% a year. The sharpest change came in the year to December 2021, when income rose by 416%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elite Learners Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Union League Boys & Girls Clubs ($7.8m), Boys & Girls Club of Central Texas Inc ($7.8m) and Boys & Girls Clubs of Monterey County ($7.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 57% of the total. Other salaries and wages came to $3.3m. It paid $56k in professional fundraising fees. At year end it held assets of $4.3m against liabilities of $3.0m, net assets of $1.3m. It reported 53 employees.