Elevate Omaha Inc

Analysis

Elevate Omaha Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2021, 5 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 (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 Omaha Inc reported income of $685k and spending of $753k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $458k to $685k (+50%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elevate Omaha Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NE. Charities of a similar size with the same main cause include Barrio Logan Association ($685k), Lormet HDFC ($685k) and Junction Coalition ($684k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $108k (14% of expenses). Other salaries and wages came to $334k. It paid $46k in professional fundraising fees. At year end it held assets of $123k against liabilities of $0, net assets of $123k. It reported 16 employees.