Elim Care Foundation

Analysis

Elim Care Foundation is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in October 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elim Care Foundation reported income of $5.6m and spending of $1.7m, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $980k to $5.6m (+476%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 1031%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elim Care Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include College School Association ($5.6m), Brooklyn Rise Charter School ($5.6m) and Triangle Area Network Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $12.3m against liabilities of $1.8m, net assets of $10.5m.