Elevate Ccic Inc

Analysis

Elevate Ccic Inc is a registered charity in United States, based in Mattoon, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Elevate Ccic Inc reported income of $187k and spending of $244k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $184k to $187k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elevate Ccic Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Alabama Power Service Organization Inc ($187k), Forest Hills Security Program ($187k) and Louisiana International Trade Foundation ($186k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $29k (12% of expenses). Other salaries and wages came to $12k. At year end it held assets of $120k against liabilities of $100k, net assets of $20k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.