Elevate Youth Services Incorporated

Analysis

Elevate Youth Services Incorporated is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in December 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Elevate Youth Services Incorporated reported income of $4.6m and spending of $4.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $4.6m (-0.4%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elevate Youth Services Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Lee Carlson Center for Mental Health and Well-Being ($4.6m), Heritage Homes Inc ($4.6m) and End Homelessness California ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $84k (1.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $182k against liabilities of $125k, net assets of $57k. It reported 44 employees.