Evergreen Retirement Community Inc

Analysis

Evergreen Retirement Community Inc is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in February 1968, 58 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 December 2023, Evergreen Retirement Community Inc reported income of $24.0m and spending of $22.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.4m to $24.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Evergreen Retirement Community Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Advent Christian Village Inc ($24.0m), Elevate Charities ($24.0m) and Synergy Services Inc ($24.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $545k (2.4% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $48.2m against liabilities of $30.2m, net assets of $17.9m. It reported 490 employees.