Elevance Health Cares Inc

Analysis

Elevance Health Cares Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Elevance Health Cares Inc reported income of $1.4m and spending of $1.1m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $1.4m (+212%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 418%. Over the whole period it spent 35% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Elevance Health Cares Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Northwest Harnett Voluntary Fire Department Inc ($1.4m), Colington Volunteer Fire Dept Inc ($1.4m) and Hot Springs Ambulance Service Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $242k (23% of expenses). At year end it held assets of $5.3m against liabilities of $107k, net assets of $5.2m. It reported 1 employees.