Project Evergreen Foundation Inc

Analysis

Project Evergreen Foundation Inc is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Project Evergreen Foundation Inc reported income of $576k and spending of $374k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $406k to $576k (+42%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Evergreen Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Cottesmore Childcare Centers ($576k), Canton Jewish Community Federation ($576k) and Vermont Jazz Center Inc ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $60k (16% of expenses). At year end it held assets of $838k against liabilities of $25k, net assets of $813k.