Evergreen Village Senior Housing Association

Analysis

Evergreen Village Senior Housing Association is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Evergreen Village Senior Housing Association reported income of $547k and spending of $410k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $547k (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evergreen Village Senior Housing Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Bii Di Gain Dash Anwebi Elder Housing ($547k), San Antonio RHF Housing Inc ($547k) and Norwich Housing Corp ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.4m against liabilities of $157k, net assets of $2.3m.