Ellas Foundation

Analysis

Ellas Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2014, 12 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, Ellas Foundation reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ellas Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Arlington Eats Inc ($1.8m), Angels Unaware Inc ($1.8m) and Share Good ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $69k (4.1% of expenses). Other salaries and wages came to $595k. At year end it held assets of $437k against liabilities of $441k, net assets of -$3,403. It reported 18 employees.