The Elm Project Inc

Analysis

The Elm Project Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in October 1996, 30 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 September 2023, The Elm Project Inc reported income of $378k and spending of $398k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $352k to $378k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Elm Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Tulare County Fair Heritage Foundation Inc ($377k), Newton County Fair Association ($378k) and Bridge Downeast ($377k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (21% of expenses). Other salaries and wages came to $64k. At year end it held assets of $219k against liabilities of $22k, net assets of $197k. It reported 2 employees.