The Everett Inc

Analysis

The Everett Inc is a registered charity in United States, based in Middletown, DE. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Everett Inc reported income of $759k and spending of $556k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $759k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Everett Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within DE. Charities of a similar size with the same main cause include Parks & Trails Council of Minnesota ($759k), SC Swimming Cafl Inc ($760k) and Washington State Wrestling Association ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 63% of the total. Other salaries and wages came to $47k. At year end it held assets of $2.1m against liabilities of $16k, net assets of $2.1m. It reported 1 employees.