Elite Meet Inc

Analysis

Elite Meet Inc is a registered charity in United States, based in Marlborough, CT. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Elite Meet Inc reported income of $62k and spending of $70k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $62k (-84%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elite Meet Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Emergency Nurses Association ($62k), Faith Tabernacle ($62k) and Seattle Childrens Hospital ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.