Elite Community Foundation Inc

Analysis

Elite Community Foundation Inc is a registered charity in United States, based in Laurelton, NY. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Foundation Inc reported income of $65k and spending of $68k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $65k (+17%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elite Community Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Food with Fam Inc ($65k), Candy for Caring Inc ($65k) and McDowell County F a C E S ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $24k against liabilities of $32k, net assets of -$8,733.