Out & Equal

Analysis

Out & Equal is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, Out & Equal reported income of $12.0m and spending of $12.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $796k to $12.0m (+1402%), an average of +97% a year. The sharpest change came in the year to June 2020, when income rose by 728%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Out & Equal sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include National Foundation for Advancement in the Arts Inc ($12.0m), Wisconsin Public Broadcasting Foundation Inc ($12.0m) and Isamu Noguchi Foundation and Garden Museum ($11.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.5m (12% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $13.3m against liabilities of $7.2m, net assets of $6.1m. It reported 38 employees.