Elite Community Outreach

Analysis

Elite Community Outreach is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Outreach reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $617k to $1.1m (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elite Community Outreach sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Corvallis Lions Youth Activities Fund ($1.1m), Nebraska Association for the Education of Young Children Inc ($1.1m) and Helping Children Worldwide Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $790k. At year end it held assets of $159k against liabilities of $32k, net assets of $127k. It reported 28 employees.