Elevate Ethiopia Inc

Analysis

Elevate Ethiopia Inc is a registered charity in United States, based in Hermitage, TN. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Elevate Ethiopia Inc reported income of $140k and spending of $126k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $140k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Elevate Ethiopia Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within TN. Charities of a similar size with the same main cause include Ace International ($140k), Rwanda Education Assistance Project Inc ($140k) and Selah Health International ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $35k, net assets of $96k.