435 Elite Sports Inc

Analysis

435 Elite Sports Inc is a registered charity in United States, based in St George, UT. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 435 Elite Sports Inc reported income of $262k and spending of $182k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $262k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 585%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 435 Elite Sports Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within UT. Charities of a similar size with the same main cause include Little League Baseball Inc ($262k), Plant City Area Soccer Club Inc ($262k) and Gettysburg Youth Soccer Club Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (7.9% of expenses). At year end it held assets of $109k against liabilities of $0, net assets of $109k.