518 Elevated Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 455,508 | 496,188 | −40,680 | 36.4 | 36% |
| 2013 | 570,901 | 502,819 | 68,082 | 37.5 | 36% |
| 2014 | 486,562 | 484,697 | 1,865 | 43.4 | 36% |
| 2015 | 492,440 | 521,599 | −29,159 | 39.6 | 33% |
| 2016 | 414,474 | 553,821 | −139,347 | 33.1 | 38% |
| 2017 | 514,452 | 492,182 | 22,270 | 41.0 | 42% |
| 2018 | 590,158 | 541,991 | 48,167 | 40.0 | 41% |
| 2019 | 544,016 | 604,159 | −60,143 | 36.7 | 43% |
| 2020 | 766,983 | 528,262 | 238,721 | 42.2 | 43% |
| 2021 | 686,057 | 468,993 | 217,064 | 53.5 | 40% |
| 2022 | 619,941 | 504,117 | 115,824 | 45.2 | 39% |
| 2023 | 264,882 | 546,951 | −282,069 | 40.7 | 41% |
| 2024 | 454,437 | 512,894 | −58,457 | 45.8 | 32% |
In its most recent public year (2024), this organization spent $58,457 more than it brought in. Its reserves stood at about 45.8 months of spending, up from 36.4 in 2012. Staff pay was 32% of spending. $1,548,100 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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