Evergreen Annex Inc

Analysis

Evergreen Annex Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 1995, 31 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 (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 Annex Inc reported income of $517k and spending of $694k, spending 134% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $480k to $517k (+7.7%), an average of +2.5% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Evergreen Annex Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Knollwood Community Housing Corporation ($517k), Candlewood Community Housing of Thurston County ($517k) and Monsignor Henry J Reel II Senior Housing Development Fund Co Inc ($517k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Other salaries and wages came to $36k. At year end it held assets of $3.1m against liabilities of $6.6m, net assets of -$3.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.