Elevate Jacksonville Inc

Analysis

Elevate Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Elevate Jacksonville Inc reported income of $935k and spending of $775k, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $305k to $935k (+206%), an average of +45% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Jacksonville Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Health Industry Collaboration Effort of California ($935k), J J Pearce Athletic Booster Club ($935k) and Desert Vista High School Thunder Board Association ($935k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $466k. At year end it held assets of $378k against liabilities of $22k, net assets of $356k. It reported 20 employees.