Elevate Early Education Inc

Analysis

Elevate Early Education Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in June 2013, 13 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 September 2023, Elevate Early Education Inc reported income of $2.4m and spending of $2.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Early Education Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include LA Salle Academy ($2.4m), We Are Down Home ($2.4m) and Michigan Hospitality Foundation ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $211k (8.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.2m against liabilities of $67k, net assets of $6.2m. It reported 47 employees.