Elevate Lives
EIN: 814490605 · Springfield, MO · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $972K |
| Total Expenses | $1.0M |
| Net Assets | $1.1M |
Is Elevate Lives Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elevate Lives
Elevate Lives (EIN: 814490605) is a nonprofit organization based in Springfield, MO, classified under NTEE code P80. The organization reported total revenue of $972K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elevate Lives's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elevate Lives is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). 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 | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$25K |
| Total Assets | $2.1M |
| Total Liabilities | $941K |
| Net Assets | $1.1M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 45.8% |
| Months of Reserves | 23.9 months |
Financial Health Grade: A
In 2023, Elevate Lives reported a surplus of $25K with revenue exceeding expenses, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 45.8% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Elevate Lives's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | +14.5% | -1.4% |
| 2022 | -8.2% | +26.6% | -3.8% |
| 2021 | -4.4% | -33.9% | +138.7% |
| 2020 | +52.3% | +20.9% | +76.2% |
| 2019 | +98.2% | +108.4% | +462.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elevate Lives has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elevate Lives with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.8%.
Frequently Asked Questions about Elevate Lives
Is Elevate Lives a legitimate charity?
Elevate Lives (EIN: 814490605) is a registered tax-exempt nonprofit based in Missouri. It has 6 years of IRS 990 filings on record. Total revenue: $972K. No red flags identified. Financial health grade: A.
How does Elevate Lives spend its money?
Elevate Lives reported $972K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elevate Lives tax-deductible?
Elevate Lives is registered as a tax-exempt nonprofit (EIN: 814490605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elevate Lives located?
Elevate Lives is headquartered in Springfield, Missouri and files with the IRS under EIN 814490605. It is classified under NTEE code P80.
How many years of IRS 990 filings does Elevate Lives have?
Elevate Lives has 6 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 $972K in total revenue.
Filing History
IRS 990 filing history for Elevate Lives showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Elevate Lives's revenue has grown by 152.4%, moving from $420K to $1.1M. Total assets increased by 2140.2% over the same period, from $92K to $2.1M. Total functional expenses rose by 141%, from $429K to $1.0M. In its most recent filing year (2023), Elevate Lives reported a surplus of $25K, with revenue exceeding expenses. The organization holds $941K in liabilities against $2.1M in assets (debt-to-asset ratio: 45.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $2.1M | $941K | — | — |
| 2022 | $1.1M | $904K | $2.1M | $995K | — | View 990 |
| 2021 | $1.2M | $714K | $2.2M | $1.3M | — | View 990 |
| 2020 | $1.3M | $1.1M | $909K | $524K | — | View 990 |
| 2019 | $832K | $894K | $516K | $318K | — | View 990 |
| 2018 | $420K | $429K | $92K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $2.1M (revenue -4.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $904K, and assets of $2.1M (revenue -8.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $714K, and assets of $2.2M (revenue -4.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.1M, and assets of $909K (revenue +52.3% year-over-year).
- 2019: Revenue of $832K, expenses of $894K, and assets of $516K (revenue +98.2% year-over-year).
- 2018: Revenue of $420K, expenses of $429K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elevate Lives:
Data Sources and Methodology
This transparency report for Elevate Lives 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.