Elevate Tutoring Inc

Analysis

Elevate Tutoring Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2011, 15 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 June 2023, Elevate Tutoring Inc reported income of $608k and spending of $566k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $241k to $608k (+152%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elevate Tutoring Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Clubs of Lake Eufaula Inc ($608k), Pace Academy Foundation ($609k) and Pack Away Hunger Inc ($607k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $208k. It paid $22 in professional fundraising fees. At year end it held assets of $340k against liabilities of $128k, net assets of $212k. It reported 14 employees.