Eles Place Inc

Analysis

Eles Place Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Eles Place Inc reported income of $3.7m and spending of $4.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.7m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 112% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Eles Place Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Waking the Village ($3.7m), Shepherds Hill Academy Inc ($3.7m) and Boys Club of Pharr Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $130k (3.1% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $10.6m against liabilities of $452k, net assets of $10.2m. It reported 91 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.