Elpis Foundation

Analysis

Elpis Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Elpis Foundation reported income of $83k and spending of $67k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $36k to $83k (+128%), an average of +128% a year. The sharpest change came in the year to June 2023, when income rose by 128%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elpis Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Greater Houston Prayer Breakfast Inc ($82k), US Home-We Care Foundation Inc ($83k) and Wiegel Strong Foundation Inc ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.