Elite Professional Foundation Inc

Analysis

Elite Professional Foundation Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Professional Foundation Inc reported income of $189k and spending of $54k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $807k to $189k (-77%), an average of -52% a year. The sharpest change came in the year to December 2023, when income rose by 8147%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elite Professional Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Bound for Glory ($189k), Little League Baseball Inc ($189k) and Riverway Homes Ltd ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $298k against liabilities of $0, net assets of $298k.