Elyon College

Analysis

Elyon College is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Elyon College reported income of $1.4m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $691k to $1.4m (+107%), an average of +20% a year. The sharpest change came in the year to August 2021, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elyon College sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include All Ears Listening and Language Center ($1.4m), Playhouse Inc ($1.4m) and Outer Coast ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $87k (7.0% of expenses). Other salaries and wages came to $420k. At year end it held assets of $1.1m against liabilities of $193k, net assets of $859k. It reported 31 employees.