Elevatemed Inc

Analysis

Elevatemed Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in April 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 December 2023, Elevatemed Inc reported income of $689k and spending of $979k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $689k (+242%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevatemed Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AZ. Charities of a similar size with the same main cause include Snake River Montessori School Inc ($688k), United Day Nursery Inc ($689k) and Geneva Academy Inc ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $53k. It paid $14k in professional fundraising fees. At year end it held assets of $352k against liabilities of $4,689, net assets of $347k. It reported 2 employees.