Top Flight Elite

Analysis

Top Flight Elite is a registered charity in United States, based in Campbell, CA. It received its IRS tax-exemption ruling in September 2019, 7 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 August 2023, Top Flight Elite reported income of $351k and spending of $367k, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $529k to $351k (-34%), an average of -9.8% a year. The sharpest change came in the year to August 2022, when income rose by 77%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Top Flight Elite sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Oyster Bay Community Rowing Inc ($351k), Warwick Firefighters Soccer Club C/O Denise J Fogg ($351k) and Warrington Youth Baseball ($351k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $67k (18% of expenses). Other salaries and wages came to $63k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 29 employees.