Elevate Indianapolis Inc

Analysis

Elevate Indianapolis Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Elevate Indianapolis Inc reported income of $2.2m and spending of $1.7m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $816k to $2.2m (+164%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Indianapolis Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include Building African American Minds Inc ($2.2m), Denver Hybrid College ($2.2m) and Face to Face Academy ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $98k (5.7% of expenses). Other salaries and wages came to $967k. At year end it held assets of $1.9m against liabilities of $325k, net assets of $1.5m.