Elawa Farm Foundation

Analysis

Elawa Farm Foundation is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in October 2002, 24 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, Elawa Farm Foundation reported income of $2.1m and spending of $1.6m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $2.1m (+146%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elawa Farm Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Institute for Higher Education Policy ($2.1m), Del E Webb Center for the Performing Arts ($2.1m) and Cherry Creek Arts Festival ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 41% of the total. Other salaries and wages came to $677k. At year end it held assets of $2.7m against liabilities of $289k, net assets of $2.5m. It reported 34 employees.