Elyria 778 Charities Inc

Analysis

Elyria 778 Charities Inc is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in December 2004, 22 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, Elyria 778 Charities Inc reported income of $961k and spending of $559k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $961k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elyria 778 Charities Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Malta Opportunities Inc ($961k), Bigelow Cooperative Day Care Center ($961k) and Attachment & Trauma Network Inc ($961k).

Compensation of current officers, directors and key employees was $124k (22% of expenses). At year end it held assets of $2.3m against liabilities of $866, net assets of $2.3m. It reported 2 employees.