Elevated Life Community Center Inc

Analysis

Elevated Life Community Center Inc is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Elevated Life Community Center Inc reported income of $873k and spending of $624k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $873k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elevated Life Community Center 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 81st percentile within NJ. Charities of a similar size with the same main cause include Media Freedom Foundation ($872k), Madison County Fair and Horse Show Inc ($873k) and Junior Trevian Youth Football Corporation ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $425k. At year end it held assets of $156k against liabilities of $1.6m, net assets of -$1.5m. It reported 40 employees.