Elim Shores Inc

Analysis

Elim Shores Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elim Shores Inc reported income of $2.4m and spending of $2.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elim Shores Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include USA Federation for Sport Cheering ($2.4m), Military Community Youth Ministries ($2.4m) and Aiken County Commission on Alcohol and Drug Abuse ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.8m against liabilities of $250k, net assets of $1.6m. It reported 48 employees.