Elevate Ecosystem Inc

Analysis

Elevate Ecosystem Inc is a registered charity in United States, based in Cerritos, CA. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Elevate Ecosystem Inc reported income of $110k and spending of $102k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $110k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Ecosystem Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Teaching for Equity Empowerment and Community Healing ($110k), Forster Ranch Education Foundation ($110k) and Tennessee Science Teachers Assoc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.