Elevation Worldwide Foundation

Analysis

Elevation Worldwide Foundation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2021, 5 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, Elevation Worldwide Foundation reported income of $691k and spending of $326k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $691k (+590%), an average of +590% a year. The sharpest change came in the year to December 2023, when income rose by 590%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elevation Worldwide Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Jefferson County Family Resource Center Inc ($691k), Friends of Matenwa Inc ($691k) and Human Service Renovation Inc ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $168k (51% of expenses). At year end it held assets of $436k against liabilities of $25k, net assets of $411k.