Elevate Charities

Analysis

Elevate Charities is a registered charity in United States, based in San Juan Capo, CA. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Charities reported income of $24.0m and spending of $3.5m, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $24.0m (+1342%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 706%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elevate Charities sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Evergreen Retirement Community Inc ($24.0m), Larksfield Place Retirement Communities Inc ($24.1m) and Advent Christian Village Inc ($24.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $140k (4.0% of expenses). At year end it held assets of $22.0m against liabilities of $48k, net assets of $22.0m.