Elios Charitable Foundation

Analysis

Elios Charitable Foundation is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elios Charitable Foundation reported income of $155k and spending of $177k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $155k (-29%), an average of -8.2% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elios Charitable Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Liberty Music Booster Association ($155k), Blytheville Ritz Foundation ($155k) and Eressea ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $59k (33% of expenses). At year end it held assets of $403k against liabilities of $37k, net assets of $367k.