Element 11 Inc

Analysis

Element 11 Inc is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Element 11 Inc reported income of $518k and spending of $296k, leaving 43% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $219k to $518k (+137%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Element 11 Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within UT. Charities of a similar size with the same main cause include Reher Center for Immigrant Culture and History ($518k), Southwest Shakespeare Company Inc ($519k) and Metropolis Ensemble Inc ($518k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $561k against liabilities of $0, net assets of $561k.