Is Elite Program Inc Legit?

Quick charity verification for Elite Program Inc (EIN: 20613297)

Verdict: Elite Program Inc appears trustworthy

75/100Mission Score

$318KRevenue

$288KAssets

2Red Flags

3Strengths

Red Flags

Discrepancy between 'Latest Revenue' ($317,627) and most recent annual filing revenue ($62,200) requires clarification.
Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data makes precise efficiency analysis challenging.

Strengths

Consistent reporting of 0% officer compensation, indicating highly efficient leadership costs.
Generally operates with a surplus or near break-even, demonstrating financial prudence.
Long filing history (13 filings) suggests sustained operation and commitment to compliance.

Spending Breakdown

How Elite Program Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Elite Program Inc

Is Elite Program Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Elite Program Inc (EIN: 20613297) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Elite Program Inc a good charity to donate to?

Elite Program Inc has a Mission Score of 75/100. Revenue: $318K. Assets: $288K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Elite Program Inc?

The Employer Identification Number (EIN) for Elite Program Inc is 20613297. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Elite Program Inc spend its money?

Elite Program Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Elite Program Inc's tax-exempt status?

You can verify Elite Program Inc's tax-exempt status using EIN 20613297 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Elite Program Inc. demonstrates consistent financial activity over the past decade, with revenues fluctuating but generally staying below $100,000 annually, except for the latest reported revenue of $317,627. The organization appears to operate with a lean structure, as evidenced by zero officer compensation reported across all available filings, which suggests a volunteer-driven or very low-cost leadership model. While the organization's assets have grown from $643 in 2016 to $43,875 in 2023, this growth is modest relative to its overall revenue. The latest reported revenue of $317,627 is significantly higher than previous years, indicating a potential recent expansion or a one-time large influx of funds, which warrants further investigation into its allocation.

Spending efficiency appears reasonable, with expenses generally tracking closely with revenues. For example, in 2023, revenues were $62,200 and expenses were $51,174, indicating a surplus. However, some years, like 2018, show expenses ($84,580) exceeding revenues ($81,629), suggesting periods of deficit spending. The consistent reporting of zero officer compensation is a strong indicator of financial transparency regarding leadership costs, though a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data.

Overall, Elite Program Inc. appears to be a small, community-focused organization with a history of operating within its means, largely without paid executive leadership. The recent surge in revenue to $317,627, while positive, should be monitored to ensure it translates into increased program impact and is managed effectively. The organization's financial health seems stable for its size, but its long-term sustainability will depend on its ability to maintain or grow its revenue streams and continue its efficient operational model.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.