Evotek Giving Foundation Inc

Analysis

Evotek Giving Foundation Inc is a registered charity in United States, based in Solana Beach, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 December 2023, Evotek Giving Foundation Inc reported income of $193k and spending of $47k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $148k to $193k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 19% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Evotek Giving Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Strawberry Theatre Workshop ($193k), Guardians of Sound Inc ($193k) and Alliance for Drama Education ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $411k against liabilities of $0, net assets of $411k.