Evolution Foundation
Evolution Foundation sees significant revenue growth and maintains zero officer compensation.
EIN: 201776622 · Edmond, OK · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $866K |
| Total Expenses | $699K |
| Program Spending | 85% |
| Net Assets | $402K |
| Transparency Score | 88/100 |
Is Evolution Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Evolution Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Evolution Foundation
Evolution Foundation (EIN: 201776622) is a nonprofit organization based in Edmond, OK, classified under NTEE code P80. The organization reported total revenue of $866K and total assets of $426K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Evolution Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Evolution Foundation is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $866K |
| Total Expenses | $699K |
| Surplus / Deficit | +$166K |
| Total Assets | $426K |
| Total Liabilities | $24K |
| Net Assets | $402K |
| Operating Margin | 19.2% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2024, Evolution Foundation reported a surplus of $166K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2024), Evolution Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +129.7% | +68.3% | +80.7% |
| 2023 | -19.0% | +0.5% | -15.7% |
| 2022 | +70.3% | +12.8% | +23.7% |
| 2021 | -31.4% | +10.7% | -29.3% |
| 2020 | +1.1% | -10.0% | +26.3% |
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 Evolution Foundation with a Mission Score of 88 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Evolution Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $166K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Evolution Foundation consistently reports 0% officer compensation across all 12 available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure.
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 Evolution Foundation's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents full spending efficiency analysis.
Strengths
The following positive indicators were identified for Evolution Foundation:
- Significant revenue growth in the latest fiscal year (202406) to $865,751.
- Consistent reporting of 0% officer compensation across all 12 filings, indicating efficient use of funds.
- Healthy asset growth, reaching $425,743 in 202406.
- Assets consistently exceed liabilities, demonstrating strong financial stability.
- Positive net income in the latest period ($865,751 revenue vs. $699,484 expenses).
Frequently Asked Questions about Evolution Foundation
Is Evolution Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Evolution Foundation (EIN: 201776622) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Evolution Foundation spend its money?
Evolution Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Evolution Foundation tax-deductible?
Evolution Foundation is registered as a tax-exempt nonprofit (EIN: 201776622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Evolution Foundation's spending goes to programs?
Evolution Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Evolution Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Evolution Foundation is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Evolution Foundation located?
Evolution Foundation is headquartered in Edmond, Oklahoma and files with the IRS under EIN 201776622. It is classified under NTEE code P80.
How many years of IRS 990 filings does Evolution Foundation have?
Evolution Foundation has 12 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 $866K in total revenue.
Is Evolution Foundation a good charity?
Based on the available data, Evolution Foundation appears to be a good charity. It demonstrates strong revenue growth, healthy asset accumulation, and a remarkable commitment to not compensating its officers, which suggests a high dedication to its mission.
How has Evolution Foundation's revenue changed over time?
Evolution Foundation's revenue has shown significant growth, particularly in the latest period, increasing from $376,852 in 202306 to $865,751 in 202406. Over the past decade, revenue has fluctuated but generally trended upwards, with the latest year being its highest recorded.
What is the organization's financial stability?
The organization's financial stability appears strong. Assets consistently exceed liabilities, with the latest filing showing $425,743 in assets against $24,184 in liabilities. This indicates a healthy balance sheet and capacity to cover its obligations.
Filing History
IRS 990 filing history for Evolution Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Evolution Foundation's revenue has grown by 101%, moving from $431K to $866K. Total assets increased by 229.4% over the same period, from $129K to $426K. Total functional expenses rose by 67.9%, from $417K to $699K. In its most recent filing year (2024), Evolution Foundation reported a surplus of $166K, with revenue exceeding expenses. The organization holds $24K in liabilities against $426K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $402K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $866K | $699K | $426K | $24K | — | View 990 |
| 2023 | $377K | $416K | $236K | $365 | — | View 990 |
| 2022 | $465K | $413K | $279K | $2K | — | View 990 |
| 2021 | $273K | $367K | $226K | $0 | — | View 990 |
| 2020 | $398K | $331K | $319K | $0 | — | View 990 |
| 2019 | $394K | $368K | $253K | $627 | — | View 990 |
| 2018 | $282K | $308K | $227K | $863 | — | View 990 |
| 2017 | $337K | $308K | $254K | $2K | — | View 990 |
| 2016 | $277K | $303K | $141K | $438 | — | View 990 |
| 2015 | $362K | $306K | $171K | $5K | — | View 990 |
| 2014 | $291K | $275K | $111K | $0 | — | View 990 |
| 2012 | $431K | $417K | $129K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $866K, expenses of $699K, and assets of $426K (revenue +129.7% year-over-year).
- 2023: Revenue of $377K, expenses of $416K, and assets of $236K (revenue -19.0% year-over-year).
- 2022: Revenue of $465K, expenses of $413K, and assets of $279K (revenue +70.3% year-over-year).
- 2021: Revenue of $273K, expenses of $367K, and assets of $226K (revenue -31.4% year-over-year).
- 2020: Revenue of $398K, expenses of $331K, and assets of $319K (revenue +1.1% year-over-year).
- 2019: Revenue of $394K, expenses of $368K, and assets of $253K (revenue +39.7% year-over-year).
- 2018: Revenue of $282K, expenses of $308K, and assets of $227K (revenue -16.3% year-over-year).
- 2017: Revenue of $337K, expenses of $308K, and assets of $254K (revenue +21.7% year-over-year).
- 2016: Revenue of $277K, expenses of $303K, and assets of $141K (revenue -23.5% year-over-year).
- 2015: Revenue of $362K, expenses of $306K, and assets of $171K (revenue +24.4% year-over-year).
- 2014: Revenue of $291K, expenses of $275K, and assets of $111K (revenue -32.4% year-over-year).
- 2012: Revenue of $431K, expenses of $417K, and assets of $129K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Evolution Foundation:
Data Sources and Methodology
This transparency report for Evolution Foundation 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.