Elevation Ministries
EIN: 813875130 · Denver, CO · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $702K |
| Total Expenses | $766K |
| Net Assets | $-247,159 |
Is Elevation Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elevation Ministries
Elevation Ministries (EIN: 813875130) is a nonprofit organization based in Denver, CO, classified under NTEE code X99. The organization reported total revenue of $702K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elevation Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elevation Ministries is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 36.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $999K |
| Total Expenses | $766K |
| Surplus / Deficit | +$233K |
| Total Assets | $967K |
| Total Liabilities | $1.2M |
| Net Assets | $-247,159 |
| Operating Margin | 23.3% |
| Debt-to-Asset Ratio | 125.5% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, Elevation Ministries reported a surplus of $233K with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 125.5% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Elevation Ministries's revenue has grown at a compound annual growth rate (CAGR) of 36.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +8.8% | +68.4% |
| 2022 | -12.6% | +17.3% | +2.0% |
| 2021 | +138.1% | +117.9% | +30.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elevation Ministries 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 Elevation Ministries 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 $233K, with revenue exceeding expenses.
- Debt-to-asset ratio: 125.5%.
Frequently Asked Questions about Elevation Ministries
Is Elevation Ministries a legitimate charity?
Elevation Ministries (EIN: 813875130) is a registered tax-exempt nonprofit based in Colorado. It has 4 years of IRS 990 filings on record. Total revenue: $702K. No red flags identified. Financial health grade: A.
How does Elevation Ministries spend its money?
Elevation Ministries reported $702K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Elevation Ministries tax-deductible?
Elevation Ministries is registered as a tax-exempt nonprofit (EIN: 813875130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elevation Ministries located?
Elevation Ministries is headquartered in Denver, Colorado and files with the IRS under EIN 813875130. It is classified under NTEE code X99.
How many years of IRS 990 filings does Elevation Ministries have?
Elevation Ministries has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $702K in total revenue.
Filing History
IRS 990 filing history for Elevation Ministries showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Elevation Ministries's revenue has grown by 153%, moving from $395K to $999K. Total assets increased by 124.5% over the same period, from $431K to $967K. Total functional expenses rose by 178%, from $276K to $766K. In its most recent filing year (2023), Elevation Ministries reported a surplus of $233K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $967K in assets (debt-to-asset ratio: 125.5%), resulting in net assets of $-247,159.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $999K | $766K | $967K | $1.2M | — | — |
| 2022 | $822K | $704K | $574K | $1.1M | — | View 990 |
| 2021 | $940K | $601K | $563K | $811K | — | View 990 |
| 2020 | $395K | $276K | $431K | $312K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $999K, expenses of $766K, and assets of $967K (revenue +21.6% year-over-year).
- 2022: Revenue of $822K, expenses of $704K, and assets of $574K (revenue -12.6% year-over-year).
- 2021: Revenue of $940K, expenses of $601K, and assets of $563K (revenue +138.1% year-over-year).
- 2020: Revenue of $395K, expenses of $276K, and assets of $431K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elevation Ministries:
Data Sources and Methodology
This transparency report for Elevation Ministries 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.