Elevate 215

Analysis

Elevate 215 is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 215 reported income of $4.5m and spending of $6.9m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.6m to $4.5m (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate 215 sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Heart Christian Preparatory Academy ($4.5m), Brenda and John H Duncan Rise School of Houston ($4.5m) and Sheila C Skip Nowell Leadership Academy ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $503k (7.3% of expenses). Other salaries and wages came to $930k. At year end it held assets of $9.9m against liabilities of $633k, net assets of $9.3m. It reported 14 employees.