Elevate Charter Schools Inc

Analysis

Elevate Charter Schools Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Charter Schools Inc reported income of $2.0m and spending of $1.8m, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $2.4m to $2.0m (-14%), an average of -14% a year. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Charter Schools Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include The International Council of Shop Ping Centers Foundation Inc ($2.0m), Customed Inc ($2.0m) and Ecs Corona-Norco ($2.0m).

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 $299k (17% of expenses). Other salaries and wages came to $482k. At year end it held assets of $2.4m against liabilities of $68k, net assets of $2.4m. It reported 9 employees.