Everyage

Analysis

Everyage is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Everyage reported income of $54.9m and spending of $50.2m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $48.1m to $54.9m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Everyage sits at the 99th 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 NC. Charities of a similar size with the same main cause include The Food Bank for Central & Northeast Missouri Inc ($54.8m), Messiah Home ($55.0m) and CDS Monarch Inc ($54.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.4m (2.8% of expenses). Other salaries and wages came to $22.2m. At year end it held assets of $178.6m against liabilities of $130.9m, net assets of $47.7m. It reported 951 employees.