Elevation Scholars Inc

Analysis

Elevation Scholars Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in April 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 June 2023, Elevation Scholars Inc reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $550k to $1.4m (+146%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elevation Scholars Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Victor Valley Family Resource Center ($1.4m), Shelter Available for Family Emer- Gency Safe Inc of Transylvania Cty ($1.4m) and Garden of Health ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $587k (44% of expenses). At year end it held assets of $309k against liabilities of $111k, net assets of $198k. It reported 9 employees.