Ellevate Foundation Inc

Analysis

Ellevate Foundation Inc is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ellevate Foundation Inc reported income of $130k and spending of $160k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $130k (+93%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ellevate Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Mobile Quarterback Club Inc ($130k), Barnes Community Development Corporation ($130k) and Quincy Service Club Foundation ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $19k, net assets of $2,514.