Equip Enterprises

Analysis

Equip Enterprises is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Equip Enterprises reported income of $8.3m and spending of $8.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $8.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Equip Enterprises 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 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Businesses United in Investing Lending and Development ($8.3m), New Leaf Inc ($8.3m) and Angels for Angels ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $650k (8.0% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $3.6m against liabilities of $397k, net assets of $3.2m. It reported 252 employees.