Evergreen Terrace Inc

Analysis

Evergreen Terrace Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Evergreen Terrace Inc reported income of $345k and spending of $411k, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $210k to $345k (+65%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evergreen Terrace Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Don Pedro Housing Corporation ($345k), Ucc III Inc ($345k) and Booth Society Inc ($345k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 71% of the total. At year end it held assets of $1.4m against liabilities of $3.3m, net assets of -$1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.