Elluminate Inc
Elluminate Inc. consistently operates at a deficit, drawing down assets despite zero reported officer compensation.
EIN: 133897852 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $2.9M |
| Transparency Score | 70/100 |
Is Elluminate Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elluminate Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elluminate Inc
Elluminate Inc (EIN: 133897852) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.3M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elluminate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elluminate Inc is a mid-size nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-200,481 |
| Total Assets | $3.4M |
| Total Liabilities | $581K |
| Net Assets | $2.9M |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 23.6 months |
Financial Health Grade: B
In 2023, Elluminate Inc reported a deficit of $200K with expenses exceeding revenue, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elluminate Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.6% | +1.8% | -4.0% |
| 2022 | +11.6% | +10.6% | -22.6% |
| 2021 | +9.3% | +8.2% | +4.3% |
| 2020 | +26.6% | +41.6% | +2.8% |
| 2019 | +16.7% | -17.5% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Elluminate Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Elluminate Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $200K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.8%.
Executive Compensation Analysis
Elluminate Inc. consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with annual expenses exceeding $1.5 million.
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 Elluminate Inc's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in 8 out of the last 10 reported periods, indicating a reliance on reserves.
- Declining asset base: Assets have decreased from $5,944,664 in 2014 to $3,448,586 in 2023, suggesting assets are being used to cover deficits.
- Lack of detailed expense breakdown: Without program, administrative, and fundraising expense details, it's difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Elluminate Inc:
- Zero reported officer compensation: This indicates a strong commitment to directing funds towards the mission rather than executive salaries.
- Substantial asset base: Despite declines, the organization still holds over $3.4 million in assets, providing a buffer for operations.
- Consistent filing history: 13 filings demonstrate a commitment to transparency through regular reporting to the IRS.
Frequently Asked Questions about Elluminate Inc
Is Elluminate Inc a legitimate charity?
Elluminate Inc (EIN: 133897852) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Elluminate Inc spend its money?
Elluminate Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Elluminate Inc tax-deductible?
Elluminate Inc is registered as a tax-exempt nonprofit (EIN: 133897852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elluminate Inc CEO make?
Elluminate Inc's highest-compensated officer earns $1.5 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elluminate Inc's spending goes to programs?
Elluminate Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Elluminate Inc located?
Elluminate Inc is headquartered in New York, New York and files with the IRS under EIN 133897852.
How many years of IRS 990 filings does Elluminate Inc have?
Elluminate Inc has 13 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 $2.3M in total revenue.
How does Elluminate Inc. cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its assets, which have decreased from $5,944,664 in 2014 to $3,448,586 in 2023. This suggests a reliance on reserves rather than current revenue.
What is the detailed breakdown of Elluminate Inc.'s expenses (program, admin, fundraising)?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, which is crucial for a comprehensive assessment of spending efficiency.
Who are the officers of Elluminate Inc. and how are they compensated if not through salaries?
The filings consistently show 0% officer compensation, which implies officers are either volunteers or compensated through non-salary means not captured in this metric, or the organization has no paid officers.
What is the long-term strategy for financial sustainability given the recurring deficits?
The consistent operational deficits suggest a need for a clear strategy to either increase revenue or reduce expenses to ensure long-term financial sustainability, as drawing down assets is not indefinitely viable.
Filing History
IRS 990 filing history for Elluminate Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elluminate Inc's revenue has grown by 318%, moving from $371K to $1.6M. Total assets decreased by 28.7% over the same period, from $4.8M to $3.4M. Total functional expenses rose by 150.1%, from $700K to $1.8M. In its most recent filing year (2023), Elluminate Inc reported a deficit of $200K, with expenses exceeding revenue. The organization holds $581K in liabilities against $3.4M in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.8M | $3.4M | $581K | — | — |
| 2022 | $1.6M | $1.7M | $3.6M | $545K | — | View 990 |
| 2021 | $1.4M | $1.6M | $4.6M | $728K | — | — |
| 2020 | $1.3M | $1.4M | $4.4M | $762K | — | View 990 |
| 2019 | $1.0M | $1.0M | $4.3M | $484K | — | View 990 |
| 2018 | $893K | $1.2M | $4.6M | $936K | — | View 990 |
| 2017 | $782K | $1.3M | $4.7M | $750K | — | View 990 |
| 2016 | $387K | $809K | $4.9M | $601K | — | View 990 |
| 2015 | $680K | $1.2M | $5.3M | $730K | — | View 990 |
| 2014 | $2.7M | $923K | $5.9M | $789K | — | View 990 |
| 2013 | $757K | $895K | $4.6M | $571K | — | View 990 |
| 2012 | $653K | $934K | $4.6M | $621K | — | View 990 |
| 2011 | $371K | $700K | $4.8M | $487K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.8M, and assets of $3.4M (revenue -3.6% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $3.6M (revenue +11.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.6M, and assets of $4.6M (revenue +9.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $4.4M (revenue +26.6% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $4.3M (revenue +16.7% year-over-year).
- 2018: Revenue of $893K, expenses of $1.2M, and assets of $4.6M (revenue +14.2% year-over-year).
- 2017: Revenue of $782K, expenses of $1.3M, and assets of $4.7M (revenue +101.8% year-over-year).
- 2016: Revenue of $387K, expenses of $809K, and assets of $4.9M (revenue -43.1% year-over-year).
- 2015: Revenue of $680K, expenses of $1.2M, and assets of $5.3M (revenue -74.7% year-over-year).
- 2014: Revenue of $2.7M, expenses of $923K, and assets of $5.9M (revenue +254.8% year-over-year).
- 2013: Revenue of $757K, expenses of $895K, and assets of $4.6M (revenue +16.0% year-over-year).
- 2012: Revenue of $653K, expenses of $934K, and assets of $4.6M (revenue +75.9% year-over-year).
- 2011: Revenue of $371K, expenses of $700K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elluminate Inc:
Data Sources and Methodology
This transparency report for Elluminate 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.