Elevate School

Analysis

Elevate School is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elevate School reported income of $7.1m and spending of $7.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $7.1m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate School 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Orange County Classical Academy ($7.1m), Hope Academy of Milford Inc ($7.1m) and Council for Christian Colleges and Universities ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $172k (2.4% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $4.5m against liabilities of $1.9m, net assets of $2.6m. It reported 92 employees.