Elwood Area Foundation Inc

Analysis

Elwood Area Foundation Inc is a registered charity in United States, based in Elwood, NE. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Elwood Area Foundation Inc reported income of $325k and spending of $318k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $325k (+281%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 513%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elwood Area 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 63rd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include Heichal Mordechai Inc ($325k), Lance Cooperative Pre-School Inc ($325k) and Center for Pregnancy Choices of Meridian Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). At year end it held assets of $591k against liabilities of $0, net assets of $591k. It reported 1 employees.