Eat for Equity Inc

Analysis

Eat for Equity Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Eat for Equity Inc reported income of $72k and spending of $103k, spending 143% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $72k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eat for Equity Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Northeast Disabled Athletic Association Inc ($72k), Grow Oak Ridge LLC ($72k) and Serve the City Peninsula ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 87% of the total. At year end it held assets of $6,404 against liabilities of $23k, net assets of -$17k.