Elevare Community

Analysis

Elevare Community is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Elevare Community reported income of $71k and spending of $76k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $71k (+0.2%), an average of +0.2% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elevare Community sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Raimo Residence ($71k), Ormond Associates Inc ($71k) and Habitat for Humanity of Morgan County Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3,391 against liabilities of $0, net assets of $3,391.