Elea Institute

Analysis

Elea Institute is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in April 1985, 41 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, Elea Institute reported income of $3.9m and spending of $2.1m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $63.1m to $3.9m (-94%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elea Institute sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Union-Snyder Agency on Aging Inc ($3.9m), Meals on Wheels North Central Texas Inc ($3.9m) and Sovereign Order of Malta-Western Association ($3.9m).

Compensation of current officers, directors and key employees was $258k (12% of expenses). Other salaries and wages came to $42k. At year end it held assets of $125.9m against liabilities of $817k, net assets of $125.0m. It reported 3 employees.