Elevate Inc

Analysis

Elevate Inc is a registered charity in United States, based in Jackson, WI. It received its IRS tax-exemption ruling in January 1977, 49 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, Elevate Inc reported income of $4.0m and spending of $3.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.0m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elevate Inc 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 WI. Charities of a similar size with the same main cause include Long Island Adolescent and Family Services Inc ($4.0m), Hunger at Home ($4.0m) and Global Resilient Cities Network ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $109k (2.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.1m against liabilities of $973k, net assets of $1.2m. It reported 83 employees.