I5 Elite Sports Club

Analysis

I5 Elite Sports Club is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in July 2021, 5 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, I5 Elite Sports Club reported income of $104k and spending of $113k, spending 109% of what it took in. Across the 3 years on record, from May 2021 to December 2023, income grew from $81k to $104k (+28%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, I5 Elite Sports Club sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Cy-Springs Athletic Booster Club ($104k), Loudoun Benefit Horse Show Foundation ($104k) and Charleston Amateur Hockey Association Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.