EVOLVE502 INC

LOUISVILLE, KY, 40202-1282 (502) 292-6219 Est. 2019 EIN 83-1877240
990 - Public charity return 501(c)(3)
www.evolve502.org

Mission

WE WILL PROVIDE THE CARING, BELIEF, ACCESS, AND SUPPORTS EACH STUDENT NEEDS TO ACHIEVE AND SUCCEED AND WILL WORK TO REMOVE AND MITIGATE THE SYSTEMIC BARRIERS OF POVERTY AND INSTITUTIONAL RACISM.

Giving Portfolio

Total Grants
53
Total Giving
$3.8M
Recipients
52
Years Active
2020 - 2024
Avg grant: $596,008 Median: $607,449

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20242$1.6M $776K11
20231$1.2M $1.2M01
20221$439K $439K10
202049$694K $14K480

Sectors Funded

Human Services
11
Education
7
Religion-Related
4
Youth Development
3
Community Improvement
2
Recreation & Sports
2
Unknown
2
Food, Agriculture & Nutrition
1
and 3 more sectors

Top States

Kentucky
53

Grantee Size Profile

$1M - $5M
11
$100K - $500K
10
$500K - $1M
5
Under $100K
3
$5M - $10M
2
$10M - $50M
2
Over $50M
1

Top Grantees

Page 1 of 3

Grants Awarded · 44 grants

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Financials

Total Revenue
$6,691,108
Total Expenses
$5,967,527
Net Assets
$21,575,614
16 employees 32 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
3.6 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 19.0%
Expenses ↑ 16.6%
Revenue Sources
Contributions 95.4% Investment 4.6%
Expense Breakdown
Program 82.2% Management 14.7% Fundraising 3.1%

Officers & Trustees (35)

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Filing History (4 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$6,691,108 ↓$5,967,527$21,575,614
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$8,256,362 ↑$5,118,616$19,159,602
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$4,389,973 ↑$4,760,951$14,896,276
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$2,124,644 $1,588,849$7,827,899

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EIN: 83-1877240 · Source: IRS Form 990 e-file data