Elevation Ministries

Analysis

Elevation Ministries is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2020, 6 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, Elevation Ministries reported income of $999k and spending of $766k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $395k to $999k (+153%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Elevation Ministries sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Khalsa Gurmat Center ($998k), Bat Nha Meditation Institute of America ($999k) and Torah and Nature Foundation ($998k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $65k (8.5% of expenses). At year end it held assets of $967k against liabilities of $1.2m, net assets of -$247k. It reported 8 employees.