Elevations Foundation Inc

Analysis

Elevations Foundation Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 2011, 15 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 December 2023, Elevations Foundation Inc reported income of $655k and spending of $422k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $581k to $655k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elevations Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Toma Foundation Inc ($655k), American Friends of Mosdos Keneses Yeshurun Inc ($655k) and Decatur County United Fund Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $138k (33% of expenses). Other salaries and wages came to $46k. At year end it held assets of $1.9m against liabilities of $24k, net assets of $1.9m. It reported 3 employees.