Evergreen Cooperative Corporation

Analysis

Evergreen Cooperative Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Cooperative Corporation reported income of $5.9m and spending of $644k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $5.9m (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Evergreen Cooperative Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Fruitvale Development Corporation Inc ($5.9m), Central Oklahoma Economic Development District ($5.9m) and Centro de Economia Creativa Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 90% of the total. At year end it held assets of $10.6m against liabilities of $29k, net assets of $10.6m.