Elevated Landing Certified Development Company

Analysis

Elevated Landing Certified Development Company is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1993, 33 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 September 2023, Elevated Landing Certified Development Company reported income of $747k and spending of $881k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $982k to $747k (-24%), an average of -6.6% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elevated Landing Certified Development Company sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within NM. Charities of a similar size with the same main cause include Greater Waukegan Development Coalition ($747k), Lincoln Heights Benefit Assoc of Los Angeles ($747k) and Dare Direct Action for Rights & Equality Inc ($746k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $127k (14% of expenses). Other salaries and wages came to $381k. At year end it held assets of $953k against liabilities of $160k, net assets of $793k. It reported 11 employees.