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Elm Ave Coworking

EIN 84-2505013 · Traverse City, MI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

Elm Ave. Coworking's primary exempt purpose is to create new business opportunities and infrastructure, train and mentor those interested in acquiring high demand skills, and better the community in Monroe County, MI with particular focus on the underserved, under employed, and unemployed.

Income
$139,862
Spending
$143,635
Reserves
3 months of spending
Largest source of income
donations and private grants, 84%
Highest pay
$672, president

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100. Higher than 41% of charities in its peer group (employment, under $250k).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.0 months of spending.

  • Debt

    16 of 20

    It owes 29% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 3% of income.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $1,220 spent. Continue to work with tenants and service providers including helping them grow their businesses, acquire new skills, and improve the start-up and small business economy in Monroe County particularly for the underserved, under employed, and unemployed.
  2. $35,070 spent. Implemented ARPA Grant funded Digital Literacy grant for an underserved community in Monroe, MI.Continued servicing senior and at risk teens. Hired three instructors. Held 6 class sessions with a total of 47 classes and an average of 10 students per class. Each class was between 60 and 90 minutes. Seniors continued to make progress using all of their digital devices to shop online, use social media to communicate with their friends and family, edit and upload pictures, make and upload videos, and create gifts and clothing using digital designs of their own creation. They were proud to wear their creations to class, around town, and to community events. Teens used digital design tools, made their own clothing, edited photos, created music, and wrote their own stories . In addition to the ARPA grant from Monroe County ($29105.01), the Arthur Lesow Community Center provides space for classes valued at $7191 for 2024.
  3. $1,286 spent. Community WiFi - Completed project to provide 6 free high speed internet hot spots serving a Qualified Census Tract. Elm Ave Coworking continues to manage and support the network. It also pays for the internet connections at one of the hot spots. 5 TB Download (Terabytes!) 180 GB Upload 2100 user experiences serving 700 families The expense is providing internet service at one of the 6 hot spot locations. The other five donate internet connectivity valued at $9,000/yr. All six provide internal racks space and external physical mounting valued at $7,200/yr.
  4. $3,358 spent. Monroe Community Opportunity Program sponsored a week long kids camp where 15 underserved teens learned how to use technology (laptops and tablets) to improve their literacy and creativity in daily two hour classes. The program was a big success and is funded again for 2025.

Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.