Evansville Protestant Home Inc

Analysis

Evansville Protestant Home Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in January 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Evansville Protestant Home Inc reported income of $2.5m and spending of $2.7m, spending 109% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income fell from $8.4m to $2.5m (-70%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Evansville Protestant Home Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Greater Elgin Family Care Center Endowment Trust ($2.5m), Mad Agriculture ($2.5m) and First Step Family Support Center ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $63k (2.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $8.1m against liabilities of $775k, net assets of $7.3m. It reported 187 employees.