Evergreen Social Impact

Analysis

Evergreen Social Impact is a registered charity in United States, based in Bothell, WA. It received its IRS tax-exemption ruling in November 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Evergreen Social Impact reported income of $3.4m and spending of $2.6m, leaving 21% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.1m to $3.4m (+63%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Evergreen Social Impact sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include United Way of the Big Bend Inc ($3.4m), Community Foundation of the Central Blue Ridge ($3.4m) and Central Louisiana Community Foundation ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $389k (15% of expenses). Other salaries and wages came to $567k. At year end it held assets of $53.4m against liabilities of $52.3m, net assets of $1.1m. It reported 9 employees.