Elar Institute LLC

Analysis

Elar Institute LLC is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Elar Institute LLC reported income of $56k and spending of $64k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $113k to $56k (-50%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elar Institute LLC sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include SMC Pioneers Association ($56k), Su Research Foundation Inc ($56k) and San Fernando Valley Cancer Foundation ($56k).

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 $1 against liabilities of $0, net assets of $1.