Elite 3 Sports Ventures

Analysis

Elite 3 Sports Ventures is a registered charity in United States, based in Hutto, TX. It received its IRS tax-exemption ruling in May 2017, 9 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, Elite 3 Sports Ventures reported income of $413k and spending of $465k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $413k (+2.6%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elite 3 Sports Ventures sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Spirit of America Foundation Inc ($412k), Union 10 FC Baldwin County ($413k) and Marshall County Agriculture Association ($412k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 116% of the total. At year end it held assets of $41k against liabilities of $2,392, net assets of $39k.