Elevate Collegiate Inc

Analysis

Elevate Collegiate Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elevate Collegiate Inc reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 4 years on record, from December 2019 to June 2023, income grew from $333k to $1.8m (+447%), an average of +76% a year. The sharpest change came in the year to June 2022, when income rose by 738%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Collegiate Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Lowell Day Nursery Association Inc ($1.8m), Paris Trinity Christian Academy Inc ($1.8m) and Maine Huts & Trails ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $116k (6.8% of expenses). Other salaries and wages came to $592k. At year end it held assets of $1.4m against liabilities of $804k, net assets of $625k. It reported 21 employees.