Elpis Enterprises

Analysis

Elpis Enterprises is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elpis Enterprises reported income of $657k and spending of $735k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $657k (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 53%. 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, Elpis Enterprises sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Aid for Friends Inc ($657k), San Gabriel-Pomona Parents Place ($657k) and Suitland Technology Education Engagement Resource Center Inc ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $75k (10% of expenses). Other salaries and wages came to $441k. It paid $5,100 in professional fundraising fees. At year end it held assets of $227k against liabilities of $49k, net assets of $177k. It reported 33 employees.