Eventide

Analysis

Eventide is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in March 1952, 74 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Eventide reported income of $66.5m and spending of $65.4m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $62.6m to $66.5m (+6.3%), an average of +1.5% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eventide sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Doe Fund Inc ($66.4m), Presbyterian College ($67.3m) and Highland Springs Inc ($66.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $940k (1.4% of expenses). Other salaries and wages came to $33.4m. At year end it held assets of $127.0m against liabilities of $87.4m, net assets of $39.6m. It reported 1,409 employees.