Elm Institute Inc

Analysis

Elm Institute Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Elm Institute Inc reported income of $451k and spending of $484k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $451k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elm Institute Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Belington Volunteer Fire Dept Inc ($451k), Crossbridge Action Network ($451k) and Fast Forward ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $220k (45% of expenses). At year end it held assets of $89k against liabilities of $4,544, net assets of $84k. It reported 2 employees.