Elevate New York

Analysis

Elevate New York is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Elevate New York reported income of $327k and spending of $330k, spending 101% of its income. Across the 6 years on record, from December 2018 to June 2023, income grew from $313k to $327k (+4.4%), an average of +0.9% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elevate New York sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Activediscovery Club ($326k), Wagilabs ($327k) and Srd-Straightening Reins Foundation ($326k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (36% of expenses). Other salaries and wages came to $117k. At year end it held assets of $43k against liabilities of $27k, net assets of $16k. It reported 3 employees.