Elevate Inc

Analysis

Elevate Inc is a registered charity in United States, based in Willow Park, TX. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Elevate Inc reported income of $936k and spending of $880k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $936k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elevate Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Character That Counts Inc ($936k), Hindu Temple Ltd ($936k) and Mission Orlando Church Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 18% of the total. Other salaries and wages came to $186k. At year end it held assets of $1.4m against liabilities of $5,596, net assets of $1.4m. It reported 2 employees.