Elevate USA

Analysis

Elevate USA is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Elevate USA reported income of $2.1m and spending of $2.7m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $928k to $2.1m (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate USA sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Open Mind School ($2.1m), Hasan Educational Services Inc ($2.1m) and Discovery School of Lancaster County ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $120k (4.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.3m against liabilities of $496k, net assets of $761k. It reported 13 employees.