New Braunfels Elite Red

Analysis

New Braunfels Elite Red is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in February 2020, 6 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, New Braunfels Elite Red reported income of $418k and spending of $365k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $292k to $418k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Braunfels Elite Red sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Skyline Conference Inc ($417k), Pleon Yacht Club Inc ($418k) and Southeast Denver Baseball League Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $10k (2.7% of expenses). Other salaries and wages came to $127k. At year end it held assets of $84k against liabilities of $0, net assets of $84k.