Evergreen Business Capital Community Finance

Analysis

Evergreen Business Capital Community Finance is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in July 2016, 10 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 September 2023, Evergreen Business Capital Community Finance reported income of $642k and spending of $215k, leaving 66% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $318k to $642k (+102%), an average of +26% a year. The sharpest change came in the year to September 2022, when income rose by 229%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Evergreen Business Capital Community Finance sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Davis Street Foundation ($642k), Dulles Area Transportation Association Inc ($642k) and Chinatown International District ($642k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $964k.