Equicenter Inc

Analysis

Equicenter Inc is a registered charity in United States, based in Honeoye Falls, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Equicenter Inc reported income of $4.1m and spending of $1.6m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $4.1m (+231%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 206%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Equicenter Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Wayne County Healthy Communities ($4.0m), Mobile C a R E Foundation ($4.1m) and Henry County Memorial Hospital Foundation Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $170k (11% of expenses). Other salaries and wages came to $860k. At year end it held assets of $6.5m against liabilities of $798k, net assets of $5.7m. It reported 42 employees.