Elevated Thought Inc

Analysis

Elevated Thought Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in January 2011, 15 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, Elevated Thought Inc reported income of $1.4m and spending of $2.3m, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $1.4m (+258%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 220%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevated Thought Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Friends of Children with Down Syndrome of Colorado Inc ($1.4m), Southern Humboldt Charter Schools ($1.4m) and Commission on Accreditation for Pre-Hospital Continuing Education ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $125k (5.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.2m against liabilities of $3.8m, net assets of $1.4m. It reported 47 employees.