Club A-Elita Inc

Analysis

Club A-Elita Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Club A-Elita Inc reported income of $241k and spending of $221k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $241k (+352%), an average of +352% a year. The sharpest change came in the year to December 2023, when income rose by 352%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Club A-Elita Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Chattanooga Technology Council ($240k), Belle Haven Action ($241k) and Ccidc Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,838 against liabilities of $0, net assets of $4,838.