Is Elant Inc Legit?

Quick charity verification for Elant Inc (EIN: 134082972)

Verdict: Elant Inc appears trustworthy

70/100Mission Score
$3.4MRevenue
$4.3MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Elant Inc. demonstrates a fluctuating financial performance over the past decade. While the organization reported a significant surplus in 2018 with revenues of $3,408,345 against expenses of $1,091,023, this follows several years where expenses often exceeded revenue, such as in 2015 ($5,332,413 revenue vs. $5,461,516 expenses) and 2013 ($5,870,833 revenue vs. $7,408,457 expenses). The organization's assets have also shown a consistent decline from $7,865,340 in 2010 to $4,254,436 in 2018, while liabilities have remained high, often exceeding assets, indicating a potentially leveraged financial position. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive indicator for donor confidence regarding executive pay.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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