Equip Education Ministries Inc

Analysis

Equip Education Ministries Inc is a registered charity in United States, based in Miramar, FL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Equip Education Ministries Inc reported income of $129k and spending of $130k, spending 100% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $285k to $129k (-55%), an average of -23% a year. The sharpest change came in the year to July 2022, when income dropped by 51%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equip Education Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include American Friends of Divrei Moshe ($129k), Citrus Heights Kiwanis Foundation ($129k) and Academy for Competent Youth Work ($129k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Other salaries and wages came to $106k. At year end it held assets of $53k against liabilities of $103k, net assets of -$50k. It reported 9 employees.