Elevate Dance Ministry Inc

Analysis

Elevate Dance Ministry Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Elevate Dance Ministry Inc reported income of $247k and spending of $224k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $247k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elevate Dance Ministry Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Chosen Vessels Incorporated ($247k), Be Bold Street Ministries ($247k) and Love Inc of Greater Hancock County ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $100k. At year end it held assets of $39k against liabilities of $5,433, net assets of $33k. It reported 17 employees.