Everscholar Inc

Analysis

Everscholar Inc is a registered charity in United States, based in Princeton JCT, NJ. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Everscholar Inc reported income of $182k and spending of $275k, spending 151% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $514k to $182k (-65%), an average of -64% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Everscholar Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Endowment Fund of Saint Augustine Church ($182k), Life in Yoga Institute Inc ($182k) and Consortium for Classical and Lutheran Education Inc ($182k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $106k against liabilities of $8,054, net assets of $97k.