Enveritas Inc

Analysis

Enveritas Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Enveritas Inc reported income of $30.8m and spending of $14.0m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $30.8m (+488%), an average of +56% a year. The sharpest change came in the year to December 2022, when income rose by 160%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Enveritas Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include The Community Foundation of Greater Birmingham ($30.6m), Community Foundation of North Central Washington ($31.0m) and Community Foundation of Greater Johnstown ($30.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $943k (6.7% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $34.2m against liabilities of $3.1m, net assets of $31.1m. It reported 25 employees.