Elihu Club Inc

Analysis

Elihu Club Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 1951, 75 years ago. 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 September 2023, Elihu Club Inc reported income of $329k and spending of $317k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $255k to $329k (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elihu Club Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Pleasant Hill Volunteer Fire Department Inc ($329k), Camp Carefree Inc ($329k) and Friends of the Library of El Dorado County Inc ($329k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 40% of the total. Other salaries and wages came to $53k. At year end it held assets of $6.7m against liabilities of $2,195, net assets of $6.7m.