Garner Elite

Analysis

Garner Elite is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 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, Garner Elite reported income of $53k and spending of $73k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $106k to $53k (-50%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Garner Elite sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Stone Harbor Triathlon Charities Inc ($53k), Little League Baseball Inc ($53k) and Little League Baseball Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $3,324 against liabilities of $0, net assets of $3,324.