Project Elf Inc

Analysis

Project Elf Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in October 2007, 19 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 December 2023, Project Elf Inc reported income of $167k and spending of $164k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $161k to $167k (+3.9%), an average of +3.9% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Elf Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OK. Charities of a similar size with the same main cause include Community Servants Inc ($167k), Linked2literacy ($167k) and Benjamin M Banks Jr Memorial Foundation ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $194k against liabilities of $7,868, net assets of $187k.