The Everfund Inc

Analysis

The Everfund Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable 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, The Everfund Inc reported income of $371k and spending of $265k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $380k to $371k (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 142% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Everfund Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Congressional Club Museum and Foundation ($371k), The Santa Barbara Choral Society ($371k) and Players Club of Swarthmore ($371k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 62% of the total. Compensation of current officers, directors and key employees was $41k (15% of expenses). Other salaries and wages came to $72k. At year end it held assets of $9,677 against liabilities of $742k, net assets of -$733k. It reported 4 employees.