Everest Incorporated

Analysis

Everest Incorporated is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Everest Incorporated reported income of $6.6m and spending of $5.7m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.3m to $6.6m (+23%), an average of +5.2% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Everest Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include PDHCRC Inc ($6.6m), Builders International ($6.6m) and Family Christian Association of America Inc ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $4.7m against liabilities of $438k, net assets of $4.3m. It reported 111 employees.