Evergreen Terrace Housing Corp

Analysis

Evergreen Terrace Housing Corp is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 1982, 44 years ago. 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 August 2023, Evergreen Terrace Housing Corp reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $1.9m to $2.0m (+3.9%), an average of +1.3% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Evergreen Terrace Housing Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Mountain Area Pregnancy Services ($2.0m), Arrow WV Inc ($2.0m) and Western Central Pennsylvania Electricians Joint Apprenticeship ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Other salaries and wages came to $139k. At year end it held assets of $5.8m against liabilities of $9.0m, net assets of -$3.2m.