Elevate New Orleans Inc
EIN: 320340381 · New Orleans, LA · NTEE: N62
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $212K |
| Net Assets | $-5,081 |
Is Elevate New Orleans Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elevate New Orleans Inc
Elevate New Orleans Inc (EIN: 320340381) is a nonprofit organization based in New Orleans, LA, classified under NTEE code N62. The organization reported total revenue of $197K and total assets of $543 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elevate New Orleans Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elevate New Orleans Inc is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 27.8%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $212K |
| Surplus / Deficit | $-14,523 |
| Total Assets | $543 |
| Total Liabilities | $6K |
| Net Assets | $-5,081 |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 1035.7% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2019, Elevate New Orleans Inc reported a deficit of $15K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 1035.7% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Elevate New Orleans Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +19.4% | +33.3% | -96.4% |
| 2018 | +32.1% | -24.1% | +72.0% |
| 2017 | -49.1% | +32.2% | -90.0% |
| 2016 | +137.6% | +49.6% | +5940.9% |
| 2015 | -9.3% | -26.8% | -62.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 New Orleans Inc 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 New Orleans Inc 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1035.7%.
Frequently Asked Questions about Elevate New Orleans Inc
Is Elevate New Orleans Inc a legitimate charity?
Elevate New Orleans Inc (EIN: 320340381) is a registered tax-exempt nonprofit based in Louisiana. It has 9 years of IRS 990 filings on record. Total revenue: $197K. No red flags identified. Financial health grade: D.
How does Elevate New Orleans Inc spend its money?
Elevate New Orleans Inc reported $197K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elevate New Orleans Inc tax-deductible?
Elevate New Orleans Inc is registered as a tax-exempt nonprofit (EIN: 320340381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elevate New Orleans Inc located?
Elevate New Orleans Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 320340381. It is classified under NTEE code N62.
How many years of IRS 990 filings does Elevate New Orleans Inc have?
Elevate New Orleans Inc has 9 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 $197K in total revenue.
Filing History
IRS 990 filing history for Elevate New Orleans Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Elevate New Orleans Inc's revenue has grown by 613.2%, moving from $28K to $197K. Total assets decreased by 95.8% over the same period, from $13K to $543. Total functional expenses rose by 851.1%, from $22K to $212K. In its most recent filing year (2019), Elevate New Orleans Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $6K in liabilities against $543 in assets (debt-to-asset ratio: 1035.7%), resulting in net assets of $-5,081.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $197K | $212K | $543 | $6K | — | View 990 |
| 2018 | $165K | $159K | $15K | $6K | — | View 990 |
| 2017 | $125K | $210K | $9K | $6K | — | View 990 |
| 2016 | $246K | $158K | $87K | $0 | — | View 990 |
| 2015 | $104K | $106K | $1K | $0 | — | — |
| 2014 | $114K | $145K | $4K | $0 | — | — |
| 2013 | $117K | $80K | $37K | $0 | — | — |
| 2012 | $46K | $52K | $7K | $0 | — | — |
| 2011 | $28K | $22K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $197K, expenses of $212K, and assets of $543 (revenue +19.4% year-over-year).
- 2018: Revenue of $165K, expenses of $159K, and assets of $15K (revenue +32.1% year-over-year).
- 2017: Revenue of $125K, expenses of $210K, and assets of $9K (revenue -49.1% year-over-year).
- 2016: Revenue of $246K, expenses of $158K, and assets of $87K (revenue +137.6% year-over-year).
- 2015: Revenue of $104K, expenses of $106K, and assets of $1K (revenue -9.3% year-over-year).
- 2014: Revenue of $114K, expenses of $145K, and assets of $4K (revenue -2.5% year-over-year).
- 2013: Revenue of $117K, expenses of $80K, and assets of $37K (revenue +152.4% year-over-year).
- 2012: Revenue of $46K, expenses of $52K, and assets of $7K (revenue +67.7% year-over-year).
- 2011: Revenue of $28K, expenses of $22K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elevate New Orleans Inc:
Data Sources and Methodology
This transparency report for Elevate New Orleans Inc 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.