Eliada Foundation Inc

Analysis

Eliada Foundation Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eliada Foundation Inc reported income of $103k and spending of $410k, spending 397% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $214k to $103k (-52%), an average of -17% a year. The sharpest change came in the year to June 2022, when income rose by 293%. Over the whole period it spent 162% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eliada Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Manele Koele Charitable Fund ($103k), Tailored for Success ($103k) and Sassl ($103k).

At year end it held assets of $10.9m against liabilities of $451k, net assets of $10.4m.