Elevate Energy: $50.9M Revenue, $46.5M Expenses
Chicago, Illinois · EIN 364443093 · Filing year 2023
Elevate Energy reported $50.9M in total revenue, $46.5M in total expenses, and $42.4M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $297K (0.58% of revenue). NonprofitTruth efficiency grade: B (79/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $50.9M
- Total Expenses
- $46.5M
- Total Assets
- $42.4M
- Reserve Months
- 10.9 months
- Surplus / (Deficit)
- $4.3M
- EIN
- 364443093
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $297K
- Officer Comp % of Revenue
- 0.58%
Elevate Energy grades a B on the NonprofitTruth efficiency rubric. 79/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.
At $50.9M in 2023 revenue, Elevate Energy sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Financial health is a strength: Elevate Energy carries a healthy operating-reserve cushion against $46.5M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.
Five-year revenue trajectory is strongly positive: Elevate Energy has grown materially in real terms, which usually signals successful fundraising and program expansion. Officer compensation is modest relative to organizational size: Elevate Energy reports $297,247 in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $50.9M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Elevate Energy works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.
How Elevate Energy Compares
Elevate Energy earns a NonprofitTruth efficiency grade of B (79/100). That is 16 points above the Environment & Animals category average. Compensation for current officers and key employees represents 0.58% of total revenue. The organization holds 10.9 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Elevate Energy reported $50.9M in revenue against $46.5M in total functional expenses for filing year 2023, holding roughly 10.9 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $297K in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.58% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Elevate Energy has a NonprofitTruth Efficiency Score of B (79/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Elevate Energy, Donor FAQ
Elevate Energy has a NonprofitTruth Efficiency Score of B (79/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Elevate Energy reports $297K in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.58% of the organization's $50.9M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Elevate Energy reported $50.9M in annual revenue and $46.5M in total expenses for filing year 2023. The organization holds $42.4M in total assets.
Elevate Energy holds approximately 10.9 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its B efficiency grade.
Elevate Energy is a registered 501(c) organization with EIN 364443093, based in Chicago, Illinois. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Environment & Animals Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.