Evelyn Foundation Inc
Evelyn Foundation Inc. operates with minimal financial activity and no reported officer compensation.
EIN: 201296329 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $22 |
| Total Expenses | $5K |
| Program Spending | 90% |
| Net Assets | $8K |
| Transparency Score | 70/100 |
Is Evelyn Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Evelyn Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Evelyn Foundation Inc
Evelyn Foundation Inc (EIN: 201296329) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $22 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Evelyn Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Evelyn Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $5K |
| Surplus / Deficit | +$5K |
| Total Assets | $8K |
| Total Liabilities | $1 |
| Net Assets | $8K |
| Operating Margin | 48.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 17.1 months |
Financial Health Grade: A
In 2023, Evelyn Foundation Inc reported a surplus of $5K with revenue exceeding expenses, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Evelyn Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.3% | -2.5% | +185.5% |
| 2022 | -5.6% | +1.4% | +66.4% |
| 2021 | +30.8% | +0.9% | +2093.2% |
| 2020 | -3.9% | -3.0% | -40.7% |
| 2019 | +4.5% | +4.5% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Evelyn Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Evelyn Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received reportable compensation, which is highly efficient for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Evelyn Foundation Inc's IRS 990 filings:
- Extremely low latest revenue ($22) compared to historical figures, raising questions about current operational status.
- Lack of detailed expense breakdown in provided data makes it difficult to assess program efficiency beyond officer compensation.
Strengths
The following positive indicators were identified for Evelyn Foundation Inc:
- Consistent IRS 990 filing history demonstrates commitment to transparency.
- No reported officer compensation, indicating highly efficient use of funds from a compensation perspective.
- Consistently low liabilities ($1) across all filings, suggesting financial stability and minimal debt.
Frequently Asked Questions about Evelyn Foundation Inc
Is Evelyn Foundation Inc a legitimate charity?
Evelyn Foundation Inc (EIN: 201296329) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $22. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Evelyn Foundation Inc spend its money?
Evelyn Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Evelyn Foundation Inc tax-deductible?
Evelyn Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201296329). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Evelyn Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Evelyn Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Evelyn Foundation Inc located?
Evelyn Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201296329. It is classified under NTEE code T22.
How many years of IRS 990 filings does Evelyn Foundation Inc have?
Evelyn Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $22 in total revenue.
What are the specific programs or grants the Evelyn Foundation Inc. supports?
The provided IRS 990 data does not detail specific programs or grant recipients. Further investigation into their public disclosures or website would be necessary.
Why is the latest reported revenue only $22, significantly lower than previous years?
The reason for the drastic drop in revenue from $10,271 in 2023 to $22 in the latest report is not explained by the provided data. This could indicate a change in operational status or reporting period.
How does the organization manage to operate with no reported officer compensation?
The consistent 0% officer compensation suggests the organization is either entirely volunteer-run at the executive level or that any compensation falls below the IRS reporting thresholds for officers, directors, trustees, and key employees.
Filing History
IRS 990 filing history for Evelyn Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Evelyn Foundation Inc's revenue has grown by 99.8%, moving from $5K to $10K. Total assets increased by 4538.4% over the same period, from $164 to $8K. Total functional expenses rose by 3.2%, from $5K to $5K. In its most recent filing year (2023), Evelyn Foundation Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $8K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $5K | $8K | $1 | — | — |
| 2022 | $7K | $5K | $3K | $1 | — | View 990 |
| 2021 | $7K | $5K | $2K | $1 | — | — |
| 2020 | $5K | $5K | $73 | $1 | — | — |
| 2019 | $6K | $6K | $123 | $1 | — | View 990 |
| 2015 | $5K | $5K | $122 | $1 | — | View 990 |
| 2014 | $5K | $5K | $122 | $1 | — | View 990 |
| 2013 | $5K | $5K | $147 | $1 | — | View 990 |
| 2012 | $5K | $5K | $144 | $1 | — | View 990 |
| 2011 | $5K | $5K | $164 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $5K, and assets of $8K (revenue +57.3% year-over-year).
- 2022: Revenue of $7K, expenses of $5K, and assets of $3K (revenue -5.6% year-over-year).
- 2021: Revenue of $7K, expenses of $5K, and assets of $2K (revenue +30.8% year-over-year).
- 2020: Revenue of $5K, expenses of $5K, and assets of $73 (revenue -3.9% year-over-year).
- 2019: Revenue of $6K, expenses of $6K, and assets of $123 (revenue +4.5% year-over-year).
- 2015: Revenue of $5K, expenses of $5K, and assets of $122 (revenue +0.5% year-over-year).
- 2014: Revenue of $5K, expenses of $5K, and assets of $122 (revenue -0.1% year-over-year).
- 2013: Revenue of $5K, expenses of $5K, and assets of $147 (revenue +1.9% year-over-year).
- 2012: Revenue of $5K, expenses of $5K, and assets of $144 (revenue +0.1% year-over-year).
- 2011: Revenue of $5K, expenses of $5K, and assets of $164.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Evelyn Foundation Inc:
Data Sources and Methodology
This transparency report for Evelyn Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.