Elev8life Inc

Analysis

Elev8life Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elev8life Inc reported income of $269k and spending of $207k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $78k to $269k (+244%), an average of +85% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elev8life Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Enchanted Circle Inc ($269k), Bluegrass Railroad Museum Inc ($270k) and Radio 74 Internationale ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $78k against liabilities of $66, net assets of $78k.