Athelites Inc

Analysis

Athelites Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in December 2019, 7 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 (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, Athelites Inc reported income of $137k and spending of $137k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $137k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. 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, Athelites Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within NM. Charities of a similar size with the same main cause include Exeter-West Greenwich Youth Soccer Association ($137k), Pawnee County Fair Association ($137k) and Greater Spokane Golf ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. At year end it held assets of $7,610 against liabilities of $3,804, net assets of $3,806.