Eversight

Analysis

Eversight is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in September 1976, 50 years ago. 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, Eversight reported income of $30.7m and spending of $27.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.9m to $30.7m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eversight sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include West Texas Food Bank ($30.7m), Asian Pacific Health Care Venture Inc ($30.7m) and American Society for Engineering Education ($30.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.3m (4.9% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $45.8m against liabilities of $23.0m, net assets of $22.8m. It reported 191 employees.