Elevar Foundation Inc

Analysis

Elevar Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elevar Foundation Inc reported income of $223k and spending of $365k, spending 163% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $282k to $223k (-21%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income rose by 354%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elevar Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Historical Society of the Town of Warwick ($223k), Connecticut Huricanes Drum & Bugle Corps Inc ($223k) and Providence Foundation ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $48k (13% of expenses). At year end it held assets of $11k against liabilities of $643, net assets of $10k. It reported 1 employees.