Elevate Life

Analysis

Elevate Life is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Life reported income of $424k and spending of $358k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $424k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elevate Life sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Mental Health Collaborative of Indian River Inc ($424k), Lifechanges Family Guidance & Wellness Inc ($424k) and Beautiful Gate Outreach Center Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $81k (23% of expenses). Other salaries and wages came to $102k. At year end it held assets of $389k against liabilities of $82k, net assets of $307k. It reported 5 employees.