Elisha Project

Analysis

Elisha Project is a registered charity in United States, based in Lincoln, RI. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Elisha Project reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.7m to $5.4m (+99%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elisha Project sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within RI. Charities of a similar size with the same main cause include Psa Housing & Assisted Living Inc ($5.4m), Greater Opportunities for the Developmentally Disabled ($5.4m) and Accountability Lab Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $356k. At year end it held assets of $713k against liabilities of $192k, net assets of $521k. It reported 12 employees.