Elnac

Analysis

Elnac is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Elnac reported income of $1.3m and spending of $1.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $705k to $1.3m (+83%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elnac sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Lutheran Outdoor Ministries Indiana Kentucky Inc ($1.3m), Uttermost Ministries in ($1.3m) and Calvary Family of Churches ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $186k. At year end it held assets of $538k against liabilities of $73k, net assets of $465k. It reported 3 employees.