Elluminate Inc

Analysis

Elluminate Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1975, 51 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 June 2023, Elluminate Inc reported income of $1.6m and spending of $1.8m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elluminate Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Albany Berkeley Soccer Club ($1.6m), Camp Fire ($1.6m) and Klamath & Lake Counties Council on Aging ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $215k (12% of expenses). Other salaries and wages came to $449k. At year end it held assets of $3.4m against liabilities of $581k, net assets of $2.9m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.