Elevate Energy

Analysis

Elevate Energy is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Elevate Energy reported income of $50.9m and spending of $46.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.2m to $50.9m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 90% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Elevate Energy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Trustees of Reservations ($50.5m), League of Conservation Voters Education Fund ($51.5m) and National Network of Abortion Funds ($49.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $297k (0.6% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $42.4m against liabilities of $19.2m, net assets of $23.2m. It reported 259 employees.