Elevation Community Land Trust

Analysis

Elevation Community Land Trust is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Elevation Community Land Trust reported income of $13.8m and spending of $6.9m, leaving 50% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $8.1m to $13.8m (+70%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elevation Community Land Trust sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Colorado Senior Residences Inc ($13.7m), Building Homes for Heroes Inc ($13.8m) and Tarrant County Samaritan Housing Inc ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $633k (9.2% of expenses). Other salaries and wages came to $940k. At year end it held assets of $82.8m against liabilities of $48.0m, net assets of $34.8m. It reported 14 employees.