Elevate Lives

Analysis

Elevate Lives is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Elevate Lives reported income of $1.1m and spending of $1.0m, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $420k to $1.1m (+152%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elevate Lives sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within MO. Charities of a similar size with the same main cause include Friends in Adoption Inc ($1.1m), MKS Recovery Inc ($1.1m) and Vermont Associates for Mexican Opportunity & Support Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $44k (4.3% of expenses). Other salaries and wages came to $16k. It paid $500 in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $941k, net assets of $1.1m.