Evergreen Fund
Evergreen Fund faces persistent operating deficits and declining assets, raising sustainability concerns.
EIN: 203198550 · Los Angeles, CA · NTEE: F20 · Updated: 2026-03-28
Is Evergreen Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Evergreen Fund directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Evergreen Fund
Evergreen Fund (EIN: 203198550) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code F20. The organization reported total revenue of $7.8M and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Evergreen Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Evergreen Fund is a mid-size nonprofit that has been operating for 21 years, with 6 years of IRS 990 filings on record (2011–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.2M |
| Surplus / Deficit | $-196,625 |
| Total Assets | $218K |
| Total Liabilities | $1.0M |
| Net Assets | $-831,264 |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 480.7% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2022, Evergreen Fund reported a deficit of $197K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 480.7% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +118.8% | +74.5% | -27.7% |
| 2021 | +81.0% | +116.1% | -19.9% |
| 2020 | +20.8% | +24.3% | +482.3% |
| 2019 | +34.1% | +70.8% | -34.9% |
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 Evergreen Fund with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Evergreen Fund allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $197K, with expenses exceeding revenue.
- Debt-to-asset ratio: 480.7%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officer salaries were paid, which is a highly efficient use of funds at the leadership level for an organization of its 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 Evergreen Fund's IRS 990 filings:
- Consistent operating deficits (e.g., 2022 expenses exceeded revenue by nearly $200,000)
- Significant decline in assets from $376,614 in 2020 to $180,120 currently
- High liabilities, exceeding $1 million in 2022 and 2021, relative to assets and revenue
- Lack of clear financial sustainability given ongoing deficits
Strengths
The following positive indicators were identified for Evergreen Fund:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level
- Consistent IRS 990 filing history, demonstrating transparency in reporting
- Growth in revenue from $616,996 in 2018 to $3,958,395 in 2022, despite being outpaced by expenses
Frequently Asked Questions about Evergreen Fund
Is Evergreen Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Evergreen Fund (EIN: 203198550) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Evergreen Fund spend its money?
Evergreen Fund directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Evergreen Fund tax-deductible?
Evergreen Fund is registered as a tax-exempt nonprofit (EIN: 203198550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Evergreen Fund a good charity?
While Evergreen Fund demonstrates a commitment to not paying officer compensation, its consistent operating deficits (e.g., $4,155,020 expenses vs. $3,958,395 revenue in 2022) and declining assets raise concerns about its long-term financial stability and ability to sustain its mission effectively.
How does Evergreen Fund manage its consistent operating deficits?
The provided data shows that expenses have exceeded revenue in multiple recent periods (e.g., 2022, 2021, 2020). This suggests the organization may be drawing from reserves, incurring debt, or relying on other non-operating income sources to cover its costs, which is not sustainable in the long run.
What is the trend of Evergreen Fund's assets and liabilities?
Evergreen Fund's assets have significantly decreased from $376,614 in 2020 to $180,120 currently. Liabilities have been substantial in recent years, reaching over $1 million in both 2022 and 2021, indicating a high level of financial obligation.
Does Evergreen Fund pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries were paid to officers during the reported periods.
What is the financial outlook for Evergreen Fund?
The financial outlook appears challenging due to persistent operating deficits and a shrinking asset base. Without a clear strategy to reverse these trends and manage liabilities, the organization may face increasing difficulty in sustaining its operations.
Filing History
IRS 990 filing history for Evergreen Fund showing financial trends over 6 years of public records:
Total assets increased by 152.8% over the same period, from $86K to $218K. Total functional expenses rose by 663641.2%, from $626 to $4.2M. In its most recent filing year (2022), Evergreen Fund reported a deficit of $197K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $218K in assets (debt-to-asset ratio: 480.7%), resulting in net assets of $-831,264.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.0M | $4.2M | $218K | $1.0M | — | View 990 |
| 2021 | $1.8M | $2.4M | $302K | $936K | — | View 990 |
| 2020 | $1000K | $1.1M | $377K | $439K | — | View 990 |
| 2019 | $828K | $886K | $65K | $25K | — | View 990 |
| 2018 | $617K | $519K | $99K | $1K | — | View 990 |
| 2011 | $0 | $626 | $86K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.0M, expenses of $4.2M, and assets of $218K (revenue +118.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.4M, and assets of $302K (revenue +81.0% year-over-year).
- 2020: Revenue of $1000K, expenses of $1.1M, and assets of $377K (revenue +20.8% year-over-year).
- 2019: Revenue of $828K, expenses of $886K, and assets of $65K (revenue +34.1% year-over-year).
- 2018: Revenue of $617K, expenses of $519K, and assets of $99K.
- 2011: Revenue of $0, expenses of $626, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Evergreen Fund:
Data Sources and Methodology
This transparency report for Evergreen Fund 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.