Elmington Elevates Inc

Analysis

Elmington Elevates Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 2017, 9 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, Elmington Elevates Inc reported income of $212k and spending of $276k, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $212k (+2.9%), an average of +1.0% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elmington Elevates Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Our Fathers House Inc ($212k), Mannas Market Inc ($212k) and Bakashana ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $95k (34% of expenses). Other salaries and wages came to $84k. At year end it held assets of $24k against liabilities of $8,366, net assets of $16k. It reported 9 employees.