Elevate NJ

Analysis

Elevate NJ is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in May 2021, 5 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 2024, Elevate NJ reported income of $153k and spending of $161k, spending 106% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $237k to $153k (-36%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate NJ 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 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Hernando Band Boosters Club Inc ($153k), The Gridiron Foundation of Bellevue Inc ($153k) and Parada Del Sol Parade and Trails End ($153k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.