Elastic Arts Foundation
Elastic Arts Foundation shows consistent revenue growth and strong asset accumulation with no reported executive compensation.
EIN: 20645505 · Chicago, IL · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $513K |
| Total Expenses | $488K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $412K |
| Transparency Score | 95/100 |
Is Elastic Arts Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elastic Arts Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elastic Arts Foundation
Elastic Arts Foundation (EIN: 20645505) is a nonprofit organization based in Chicago, IL, classified under NTEE code A68. The organization reported total revenue of $513K and total assets of $361K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elastic Arts Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elastic Arts Foundation is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $627K |
| Total Expenses | $488K |
| Surplus / Deficit | +$139K |
| Total Assets | $437K |
| Total Liabilities | $25K |
| Net Assets | $412K |
| Operating Margin | 22.1% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Elastic Arts Foundation reported a surplus of $139K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Elastic Arts Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.2% | +18.1% | +52.3% |
| 2022 | +46.9% | +57.8% | +0.3% |
| 2021 | +66.1% | +6.3% | +66.3% |
| 2020 | -46.6% | -2.9% | -18.4% |
| 2019 | +57.5% | +2.9% | +126.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elastic Arts Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Elastic Arts Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $139K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Elastic Arts Foundation reports 0% officer compensation across all 12 available IRS 990 filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization with revenue exceeding $600,000 and suggests a volunteer-led executive team or that compensation is covered by other means not reported as officer compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Elastic Arts Foundation's IRS 990 filings:
- Unclear how an organization of this size sustains operations without any reported officer compensation, potentially indicating alternative compensation structures not transparently reported as such.
Strengths
The following positive indicators were identified for Elastic Arts Foundation:
- Consistent revenue growth, with revenue increasing from $192,957 in 202008 to $627,092 in 202308.
- Strong asset accumulation, growing from $172,201 in 202008 to $437,195 in 202308.
- Extremely low liabilities relative to assets, indicating strong financial health and minimal debt risk.
- 0% reported officer compensation across all 12 filings, suggesting high efficiency in directing funds to programs.
- Consistent surplus of revenue over expenses in recent years, contributing to financial stability.
Frequently Asked Questions about Elastic Arts Foundation
Is Elastic Arts Foundation a legitimate charity?
Elastic Arts Foundation (EIN: 20645505) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $513K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Elastic Arts Foundation spend its money?
Elastic Arts Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Elastic Arts Foundation tax-deductible?
Elastic Arts Foundation is registered as a tax-exempt nonprofit (EIN: 20645505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elastic Arts Foundation CEO make?
Elastic Arts Foundation's highest-compensated officer earns $600,000 annually. The organization reported $513K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elastic Arts Foundation's spending goes to programs?
Elastic Arts Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elastic Arts Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Elastic Arts Foundation is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elastic Arts Foundation located?
Elastic Arts Foundation is headquartered in Chicago, Illinois and files with the IRS under EIN 20645505. It is classified under NTEE code A68.
How many years of IRS 990 filings does Elastic Arts Foundation have?
Elastic Arts Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $513K in total revenue.
How does Elastic Arts Foundation manage to operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for leadership roles is structured in a way that is not reported as officer compensation on the Form 990, such as through contractor payments or other arrangements. This is a significant factor in its high efficiency.
What is the trend in Elastic Arts Foundation's financial growth?
Elastic Arts Foundation has shown strong financial growth, with revenue increasing from $192,957 in 202008 to $627,092 in 202308. Assets have also grown significantly, from $172,201 in 202008 to $437,195 in 202308, indicating a healthy and expanding financial base.
Is Elastic Arts Foundation financially stable?
Yes, the organization appears financially stable. Its assets ($437,195 in 202308) significantly outweigh its liabilities ($24,740 in 202308), and it has consistently generated more revenue than expenses in recent years, allowing for asset growth and a strong financial cushion.
Filing History
IRS 990 filing history for Elastic Arts Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Elastic Arts Foundation's revenue has grown by 822%, moving from $68K to $627K. Total assets increased by 1797.1% over the same period, from $23K to $437K. Total functional expenses rose by 576.6%, from $72K to $488K. In its most recent filing year (2023), Elastic Arts Foundation reported a surplus of $139K, with revenue exceeding expenses. The organization holds $25K in liabilities against $437K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $412K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $627K | $488K | $437K | $25K | — | View 990 |
| 2022 | $471K | $413K | $287K | $13K | — | View 990 |
| 2021 | $321K | $262K | $286K | $70K | — | View 990 |
| 2020 | $193K | $246K | $172K | $16K | — | View 990 |
| 2019 | $362K | $254K | $211K | $2K | — | View 990 |
| 2018 | $230K | $246K | $93K | $3K | — | View 990 |
| 2017 | $189K | $219K | $109K | $2K | — | View 990 |
| 2016 | $151K | $205K | $139K | $3K | — | View 990 |
| 2015 | $371K | $215K | $192K | $3K | — | View 990 |
| 2014 | $222K | $311K | $36K | $3K | — | View 990 |
| 2013 | $358K | $328K | $144K | $22K | — | View 990 |
| 2011 | $68K | $72K | $23K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $627K, expenses of $488K, and assets of $437K (revenue +33.2% year-over-year).
- 2022: Revenue of $471K, expenses of $413K, and assets of $287K (revenue +46.9% year-over-year).
- 2021: Revenue of $321K, expenses of $262K, and assets of $286K (revenue +66.1% year-over-year).
- 2020: Revenue of $193K, expenses of $246K, and assets of $172K (revenue -46.6% year-over-year).
- 2019: Revenue of $362K, expenses of $254K, and assets of $211K (revenue +57.5% year-over-year).
- 2018: Revenue of $230K, expenses of $246K, and assets of $93K (revenue +21.3% year-over-year).
- 2017: Revenue of $189K, expenses of $219K, and assets of $109K (revenue +25.0% year-over-year).
- 2016: Revenue of $151K, expenses of $205K, and assets of $139K (revenue -59.2% year-over-year).
- 2015: Revenue of $371K, expenses of $215K, and assets of $192K (revenue +67.2% year-over-year).
- 2014: Revenue of $222K, expenses of $311K, and assets of $36K (revenue -38.0% year-over-year).
- 2013: Revenue of $358K, expenses of $328K, and assets of $144K (revenue +426.5% year-over-year).
- 2011: Revenue of $68K, expenses of $72K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elastic Arts Foundation:
Data Sources and Methodology
This transparency report for Elastic Arts Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.