Evans Scholars Foundation

Analysis

Evans Scholars Foundation is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in September 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Evans Scholars Foundation reported income of $82.1m and spending of $47.7m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.8m to $82.1m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Evans Scholars Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Husson University ($82.0m), Coalition for the Common Good ($82.1m) and Bridgewater College ($82.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $2.3m (4.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $159.5m against liabilities of $6.3m, net assets of $153.2m. It reported 105 employees.