Elk Valley Public Improvement Corporation

Analysis

Elk Valley Public Improvement Corporation is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Elk Valley Public Improvement Corporation reported income of $2.2m and spending of $2.6m, spending 118% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.9m to $2.2m (+15%), an average of +4.7% a year. The sharpest change came in the year to August 2022, when income rose by 290%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elk Valley Public Improvement Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Fresno Works Inc ($2.2m), Bay Consortium Workforce Investment Board ($2.2m) and Diversified Services Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $230k (9.0% of expenses). At year end it held assets of $679k against liabilities of $1.9m, net assets of -$1.2m.

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.