Elevate Academy Nampa LLC

Analysis

Elevate Academy Nampa LLC is a registered charity in United States, based in Nampa, ID. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Elevate Academy Nampa LLC reported income of $7.3m and spending of $7.4m, spending 102% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $5.7m to $7.3m (+27%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Academy Nampa LLC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within ID. Charities of a similar size with the same main cause include Ouachita Christian Schools Inc ($7.3m), Lamar School Foundation ($7.3m) and Rocky Mount Academy ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $206k (2.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.3m against liabilities of $4.5m, net assets of $774k. It reported 66 employees.