Aequalis Inc

Analysis

Aequalis Inc is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in August 1986, 40 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Aequalis Inc reported income of $237k and spending of $237k, spending 100% of its income. Across the 6 years on record, from August 2019 to August 2024, income fell from $295k to $237k (-20%), an average of -4.3% a year. The sharpest change came in the year to August 2021, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aequalis Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Cushman Foundation for Foraminiferal Research Inc ($237k), Upper Valley Baroque and Early Music Collegium ($237k) and Harambee ($237k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $23k (9.8% of expenses). At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 2 employees.