Evloves

Analysis

Evloves is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Evloves reported income of $283k and spending of $194k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $283k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Evloves sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Mission Mid-Del Inc ($283k), Aging Forward ($283k) and Saint Mary International Adoptions Incoporated ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $673 (0.3% of expenses). Other salaries and wages came to $21k. At year end it held assets of $101k against liabilities of $0, net assets of $101k.