Elevate Youth Inc

Analysis

Elevate Youth Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Youth Inc reported income of $566k and spending of $400k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $566k (+330%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 79% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elevate Youth Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Habonim Dror Foundation Inc ($566k), Teton Experience Inc ($567k) and Boys Club of Wake County Foundation ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $175k (44% of expenses). Other salaries and wages came to $101. It paid $36k in professional fundraising fees. At year end it held assets of $378k against liabilities of $4,772, net assets of $373k. It reported 6 employees.