Elevate Academy North LLC

Analysis

Elevate Academy North LLC is a registered charity in United States, based in Post Falls, 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).

In the financial year ending June 2024, Elevate Academy North LLC reported income of $5.5m and spending of $5.6m, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $4.8m to $5.5m (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Academy North LLC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within ID. Charities of a similar size with the same main cause include Imprints Cares ($5.5m), Harlem Academy ($5.5m) and First Baptist Christian Academy of Pasadena ($5.5m).

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 $188k (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.5m against liabilities of $3.7m, net assets of $801k. It reported 43 employees.