Wolfpack Elite Inc

Analysis

Wolfpack Elite Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wolfpack Elite Inc reported income of $140k and spending of $63k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $140k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 50% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wolfpack Elite Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Clarkston Youth Baseball Organization ($140k), Sherwood Youth Soccer Club ($140k) and Southern Utah Soccer Association ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 42% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.