Evergreen Inc-Your North Brooklyn Business Exchange

Analysis

Evergreen Inc-Your North Brooklyn Business Exchange is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Inc-Your North Brooklyn Business Exchange reported income of $1.4m and spending of $1.7m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $825k to $1.4m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 690%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Evergreen Inc-Your North Brooklyn Business Exchange sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include HCS Family Services ($1.4m), Sheet Metal Workers Craft Training Fund Local Union 38 ($1.4m) and Active Aging Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $141k (8.4% of expenses). Other salaries and wages came to $294k. At year end it held assets of $12.5m against liabilities of $2.3m, net assets of $10.2m. It reported 7 employees.