Elevate Phoenix

Analysis

Elevate Phoenix is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Elevate Phoenix reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Elevate Phoenix sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Timanous Foundation ($2.4m), Little Lights Urban Ministries ($2.4m) and W E Skelton 4-H Educational Conference Ctr at Smith MTN Lake ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $174k (7.0% of expenses). At year end it held assets of $2.8m against liabilities of $88k, net assets of $2.7m.