Equinox Inc

Analysis

Equinox Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Equinox Inc reported income of $10.4m and spending of $10.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $10.4m (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Equinox Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Grand Street Guild East Housing Development Fund Company Inc ($10.4m), Proud Ground ($10.4m) and Aishes Chayil Dkiryas Joel Mothers Relief Center Inc ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $182k (1.7% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $9.0m against liabilities of $4.4m, net assets of $4.6m. It reported 188 employees.