Evergreen Woods Employees Scholarship Fund

Analysis

Evergreen Woods Employees Scholarship Fund is a registered charity in United States, based in North Branford, CT. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Evergreen Woods Employees Scholarship Fund reported income of $74k and spending of $60k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $74k (-3.0%), an average of -3.0% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Evergreen Woods Employees Scholarship Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Redbud Foundation ($74k), Little League Baseball Inc ($74k) and Friends of the Poor Clares Foundation ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.