Elevate Birmingham

Analysis

Elevate Birmingham is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 2023, Elevate Birmingham reported income of $571k and spending of $624k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $410k to $571k (+39%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elevate Birmingham sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include United Tribes of Kansas & Southeast Nebraska ($571k), Verendrye Museum Incorporated ($571k) and Bestself Properties Inc ($571k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $131k (21% of expenses). Other salaries and wages came to $316k. At year end it held assets of $42k against liabilities of $188, net assets of $42k. It reported 9 employees.