Team Elevation a NJ Nonprofit Corporation

Analysis

Team Elevation a NJ Nonprofit Corporation is a registered charity in United States, based in Dayton, NJ. It received its IRS tax-exemption ruling in March 2024, 2 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 August 2023, Team Elevation a NJ Nonprofit Corporation reported income of $119k and spending of $118k, spending 100% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $47k to $119k (+155%), an average of +37% a year. The sharpest change came in the year to August 2021, when income rose by 162%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Elevation a NJ Nonprofit Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Stiftungsfest ($119k), Berkley Athletic Association Inc ($119k) and Wrangell Golf Club Inc ($119k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 1.7% of the total. At year end it held assets of $9,488 against liabilities of $0, net assets of $9,488.