Eliseo

Analysis

Eliseo is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eliseo reported income of $29.5m and spending of $35.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.9m to $29.5m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eliseo sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Human Coalition ($29.5m), Valley Special Needs Programs Inc ($29.5m) and Buckingham Senior Living Community Inc ($29.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $910k (2.6% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $105.6m against liabilities of $114.4m, net assets of -$8.8m. It reported 396 employees.