Evergreen Apartments Inc

Analysis

Evergreen Apartments Inc is a registered charity in United States, based in Martin, TN. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Evergreen Apartments Inc reported income of $117k and spending of $157k, spending 135% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $120k to $117k (-2.5%), an average of -0.5% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evergreen Apartments Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Post College Connections Inc ($117k), Booker T Community Senior Village ($117k) and White Plains Housing Development Fund Company Inc ($117k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 57% of the total. Other salaries and wages came to $10k. At year end it held assets of $542k against liabilities of $7,857, net assets of $534k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.